We have outlooked several promising Forex pairs and the result can surprise you!
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.
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
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