AUD/USD testing major resistance, time to begin selling

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• Technical analysis of USD/CHF for June 16, 2017 888011000 110888 USD/CHF is expected to advance further. The set is holding on the advantage and is trading above the increasing 50-period moving average, which plays a support role. The relative strength index is mixed with bullish bias. The downside potential ought to be restricted by the crucial support at 0.9720. To sum up, as long as this crucial level is not broken, a further rise to 0.9780 as well as to 0.9805 appears most likely to take place. Graph Description: The black line reveals the pivot point, present rate above pivot point shows the bullish position and listed below pivot points suggests the brief position. The red lines show the support levelsand the green line indicates the resistance levels. These levels can be used to leave and go into trades.Strategy: BUY at dips, Stop Loss: 0.9720, Take Earnings: 0.9780 Resistance levels: 0.9780, 0.9805, and 0.9875 Assistance levels: 0.9695, 0.9680, and 0.9600 The material has actually been offered by InstaForex Business-www.instaforex.com
• Intraday technical levels and trading suggestions for NZD/USD for June 16, 2017 888011000 110888 Daily Outlook The NZD/USD pair has actually been trending-up within the illustratedbullish channel given that January 2016. In November 2016, early signs of bullish weakness wereexpressed on the chart when the set market cannot tape a brand-new high above 0.7400. Bearish breakout ofthe lower limit of the channel took place in December 2016. In February 2017, the portrayed short-term downtrend was initiated of the depicted supply zone(0.7310-0.7380). A recent bullish breakout above the sag line took location on May 22. Since then, the marketplace has been bullish as depicted on the chart.The price zone of 0.7150-0.7230(SUPPLY-ZONE in confluence with 61.8% Fibonacci level)stood as a temporary Resistance-Zoneuntil bullish breakout was revealed above 0.7230. This led to a fast bullish advance to the next Supply-Zone around 0.7310-0.7380. As anticipated, Evident bearish rejection was expressed around 0.7310. This brought the pair once again inside the previous congestion zone(0.7230-0.7150 ). Trade recommendations: Conservative traders can awaita bearish closure below the existing zone. B earish closure below 0.7150(61.8 %Fibo level )suggests a valid SELL signal.S/ L should be placed above 0.7250 while T/P levels should be placed at 0.7050, 0.6970, and 0.6850. The product has been offered by InstaForex Business-www.instaforex.com