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Swifties huddle up! Taylor Swift is no Drake or Lil Nas X but that girl know how to build hype around an album release!

She even got me making a folklore-inspired image around today’s charts.

What do you think? Good enough for Betty With The Good Hair? Oh, wait, wrong album.

If you’d like to take a closer look at AUD/NZD and AUD/CHF‘s opportunities, then read on, my dudes!

AUD/NZD: 4-hour

AUD/NZD 4-Hour Forex Chart
AUD/NZD 4-Hour Forex Chart

AUD/NZD is about to hit the 1.0750 handle, which lines up with a range resistance that’s been limiting the buyers’ mojos since late April.

What makes the chart more interesting today is that Stochastic is about to hit the overbought zone.

Will Aussie bulls take profits before AUD/NZD hits 1.0750? The pair hasn’t hit the level yet, so y’all still have time to whip up trading plans around a range resistance play.

A short trade at the first signs of bearish momentum would yield a decent reward-to-risk ratio especially if you place your stops just above 1.0750 and aim for the 1.0600 range support.

But what if the Aussie pops above the range resistance? A bullish breakout could lead to a retest of the 1.0820 or 1.0950 previous areas of interest so make sure you have those levels marked if you’re buying the Aussie!

AUD/CHF: Daily

AUD/CHF Daily Forex Chart
AUD/CHF Daily Forex Chart

AUD/CHF is chillin’ like a villain around the .6600 handle, which is understandable since the psychological level is near a descending trend line that has been keeping sellers in line since mid-2018. Talk about commitment!

Thing is, AUD/CHF is poppin’ up higher lows often enough to form a low key symmetrical triangle on the daily chart.

This suggests indecision, which means AUD/CHF could still break in EITHER direction.

Will the Aussie extend its long-term downtrend against the franc? Shorting at current levels is a good bet if you believe that the pair will eventually return to its 2020 lows.

If you’re in the “We’re in for a longer-term reversal!” camp, however, then you can also wait for a clear break above the triangle or even an SMA crossover before you aim for previous areas of interest closer to .6900 or .7250.

Forex Chart Settings:

Slow Stochastic: 14,3,3
100 SMA: Blue line
200 SMA: Red line