AUD/USD: a positive prospect
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
EUR/CHF: it’s hard for the euro
Information is not investment advice
EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA. Given the fact that EUR/CHF is overbought on lower timeframes, it will likely turn down towards the middle of the trading range which has been in place since August. The levels to target on the downside are 1.1360 (200-day MA) and 1.1310 (50-day MA).
Elizabeth Belugina
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