The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
USD/CHF can go lower
Information is not investment advice
USD/CHF is indecisive between 1.0025 and 0.9985, where it consolidated for 2 days. Still, it looks like the downtrend from last week’s highs is about to continue. If the pair breaks below the wedge seen on H4 and fall below the parity level, it will slide to 0.9985 and then be vulnerable to decline to 0.9955 (38.2% Fibo of the January-February advance, 100-day MA). On the upside, the advance above 1.0025 is needed to bring the pair up to 1.0050.
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD seems to be in an equal fight against the JPY. What stands behind that?