Summary
Today we are seeing a nice setup on ASX as it is approaching our resistance which coincides with a Fibonacci retracement. We are expecting a strong drop to occur below this level, pushing price down to our major support target. Stochastic is also seeing a bearish divergence, in line with our bearish view. We are also seeing a nice setup on GBPAUD as it is testing our support level and we are expecting a bounce up to our major resistance target. Here are some of our calls previously: 1. CADCHF bounced nicely off our first support and is approaching our major resistance target: 
2. GBPAUD dropped perfectly from our first resistance to hit our major support target: 
3. GBPUSD dropped perfectly from our first resistance to hit our major support target: 
4. EURGBP reversed perfectly up from our first support to hit our major resistance target: 
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.