USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
GBP/CAD: technical levels
Information is not investment advice
Last week, the advance of GBP/CAD was contained by the 100-week MA at 1.71. On the D1, the pair closed yesterday below the 200-day MA at 1.6883. The pair has now room for a correction down to 1.6690 (September high) and 1.6640 (38.2% Fibo retracement of the August-October advance). The decline will be triggered if the price breaks below the 50-period MA on the H4 in the 1.6840 area. The pound’s attempts to recover from the current levels will meet resistance at 1.6935 (MAs on the H1) and 1.7000.
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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