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At the end of March, EUR/CHF tested the lowest levels since the middle of 2017. The fact that the pair went below the support of the 2018 consolidation range (1.1180) and then returned back up was a bear trap. EUR/CHF managed to gather its strength and push higher. On H4 we can see that it returned above the 50-period MA (1.1200) which already acted as support. It looks like the pair has formed an interim bottom and will rise at least to 1.1240/55. The further target is at 1.1310.
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?
