AUD/USD looks weak
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
EUR/CHF: don’t trust the euro
Information is not investment advice
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.
Elizabeth Belugina
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AUD/USD looks weak
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
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USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
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