When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
AUD/CHF: levels to trade
Information is not investment advice
AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern. It has support around 0.6543 and may rise to the area between 0.6572 and 0.6582, where it will meet resistance (100-period MA on the H4, the line connecting January 29 and February highs). From that point, the possibility of a correction to the downside will be high.
At the same time, if the market sentiment improves and AUD/CHF breaks above 0.6592, an inverted “Head and Shoulders” pattern will form and the price will head towards 0.6678 (50% retracement of the December-February decline) and 0.6655 (200-period MA).
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
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