EUR/NZD has stumbled
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
USD/CHF is testing lows
Information is not investment advice
USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695. The weekly pivot is at 0.9752 and it implies that bears are in control of the market. The 100-day MA is about to cross the 200-day MA to the downside. Yesterday USD/CHF closed below the 50% retracement of the 2018-2019 advance at 0.9710. There’s scope for further declines within the downtrend channel. The downside targets include 0.9650 and 0.9590.
Elizabeth Belugina
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EUR/NZD has stumbled
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
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AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.
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