Yesterday daily close show there is still an opportunity to buy. Entry price around 0.84800 with stop loss at 0.84200 with profit target at 0.85500. Although only get 1:1 rr ratio is low, this is still considered a high probability trade.
Aud still in a bullish bias following broad usd weakness. Audchf offer good opportunity with low risk trade, arriving at support zone. Targetting 0.58800
A retracement is possible following fomc this week although still carry some risk as uk cpi release is coming in a few days. Gbp is somewhat oversold. Targeting 1.24600 area
Broad us dollar strength indicate continue selling pressure for other currencies. Lower aud rate is expected this week following rba data announcement tomorrow
Eurusd showing some weakness towards the end of the month and can give good buying opportunity. Buy at around 1.0900 with stop loss at 1.0800 with target profit at 1.1400.
Eurchf reaching support zone around 1.02200, and giving good buying opportunity with stop loss around 1.01800 with profit taking at 1.04200. Analysis based on technical. Please manage our risk accordingly.
Pound has reach lowest point in month, give a very good opportunity to buy. Potential big uptrend moves. Target profit around 1.40 with stop loss at 1.31. Analysis based on weekly tf.
As diplomatic solution take place regarding ukraine issue and multiple fed rate increases this year, risky asset such as us dollar seems like a good choice for carry trades. With that in mind, i think usdchf offer good rrr.
