
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
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AUD/CHF met resistance in the 0.7200 area and then turned down. The pair is currently supported by the 50-day MA at 0.7090. The decline below this level will confirm a lower top, trigger a “Head and Shoulders" pattern and open the way down to 0.7040 and 0.6970 (Fibo levels of the January-February advance). The return above the 100-day MA at 0.7125 is needed to improve the short-term outlook.
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
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