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The upside of EUR/CHF has so far been limited by 1.0975 (the 50-day MA and the 50% Fibonacci retracement of the December decline). On Monday, the pair slipped below 1.0940 (the 100-day MA) resuming the decline that started last week. On the H4, moving averages got in position that is typical for a downtrend. The retest of the resistance in the 1.0940/46 area may thus represent an opportunity to enter a short position targeting the lows in the 1.0920 area and the support line just below 1.0900.
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
How does the GBP/USD look like?
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
The USD/CAD price has been falling down since March 19. What are the reasons?
