USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/CHF is capped by resistance
Information is not investment advice
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01 (last week’s highs). The first downside target lies at the parity level (1.00). If this support is lost, we’ll see a deeper selloff. A doji with a long upper wick was formed on D1 on Friday — a negative sign. On H4, we see a lower high and the decline below 50-period MA.
Tesla dropped amid the wider stock sell-off and by that erased all its gains for this year. Is it a good time to buy it or not yet?
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