AUD/CHF – On H4 chart, we notice that the market has been quietly moving north for a long time. As a result of these increases formation of a ascending triangle was formed, from which yesterday we broke down. We are currently experiencing a re-test of the lower limitation of formation where first supply response has already occurred. A permanent rejection of this resistance could open the way to further declines. In short term, therefore, it is worth considering PUT option on this instrument.
NZD/JPY – As a result of rather calm growth on Wednesday, pair reached local resistance. This is a first re-test of this level since its defeat, and given that recent increases were significantly less dynamic, indicating that they were merely an adjustment, we would expect we might reject this level and fall. In short term, therefore, it is worth considering PUT option on this instrument.