USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
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.
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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