After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
USD/CHF: pick your entry level
Information is not investment advice
In April, USD/CHF broke above the resistance line connecting 2018 and 2019 highs in the 1.0130 area. This was a significant resistance and now will be significant support. The pair may find demand around 1.0300 and then turn up to 1.0250 and 1.03. Here are 2 trade ideas: one involving buying at lower levels and another buying on the break higher.
GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.
As today is the last day of the first quarter, let’s look at the performance of the major currency pairs and analyze what may come next for them.
WTI is at 17-year lows. Is it the end?
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