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USD/CHF: how to trade on risk aversion

USD/CHF: how to trade on risk aversion

Information is not investment advice

USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area. These lines represent serious obstacles for bulls. As a result, the pair came back to the 50% Fibo retracement of the 2018-2019 decline at 0.9710. The price has already made two attempts to break below this area. There are all reasons to expect that it will do so once again given the new spike in the market’s risk aversion that’s increasing the safe-haven appeal of the CHF. The break below 0.9710 will make us target 0.9660 (August low) and 0.9590 (61.8% Fibo). Resistance is located at 0.9800. 

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Levels to trade AUD/JPY

AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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