EUR/JPY is on shaky ground
The euro is fundamentally weak
AUD/CHF is under pressure
Information is not investment advice
AUD/CHF met resistance around 0.7115/20 (50- and 100-days MA). The downtrend resistance line was also located nearby. The pair topped on H4 and slid below the 100-period MA at this timeframe (0.7085). The odds are that the Aussie weakened by the dovish RBA will revisit at least last week’s lows. The downside target can be put at 0.7040. Further support is at 0.6970.
Elizabeth Belugina
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AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
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EUR/JPY is on shaky ground
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