EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
NZD/JPY is doing its best
Information is not investment advice
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend. The pair’s currently in the middle of the range and the decisive action of bulls may take it up to its upper border in the 69.70 area (the declining 100-day MA; 50% Fibonacci retracement of the July-August decline). To get a chance to test this area, the price firstly needs to get above the interim resistance of 69.00 (Oct. 11 high). If market sentiment turns sour and NZD/JPY gets rejected on the upside once again, the fall below 68.00 (50-day MA) will make it vulnerable for a decline to support line in the 67.15 zone.
Elizabeth Belugina
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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