AUD/USD looks weak
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
Important levels for CHF/JPY
Information is not investment advice
CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area. That is a likely scenario as the yen seems like the stronger safe haven than the franc.
The overall downtrend is in place since September 2018. On H1 moving averages made a negative intersection. The outlook will remain negative as long as CHF/JPY stays below the weekly pivot at 109.05. If the pair managed to return above 109.15, it will be able to retest 109.40. Still, another return to 109.75 will make us once again look for the opportunities to make a sell trade.
Elizabeth Belugina
Similar
USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
Popular
AUD/USD looks weak
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
Coronavirus and markets: where the connection is
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
Choose your payment system
