USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
AUD/NZD shows weakness
Information is not investment advice
AUD/NZD is declining for the third week in a row. It’s happening as the AUD is pressured by the weak Australian data, while New Zealand is releasing more decent figures. The pair has reached the support of 1.0560/50 (50% Fibo retracement of the August-November advance, 200-day MA and 50-week MA). The decline below this support will open the way down to 1.0495 (61.8% Fibo) and 1.0395 (78.6% Fibo). Resistance lies at 1.0590 and 1.0625 (100-day MA).
The speech of the RBNZ Governor Orr early on Wednesday may bring volatility to the pair’s trading.
Elizabeth Belugina
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NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
Levels to trade AUD/JPY
AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.
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USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
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