AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
USD/CHF: price testing the 34 Moving Average
Information is not investment advice
There's a possible 'Triple Top' pattern, so the price is testing the 34 Moving Average line. Also, we've got a 'Thorn' pattern, which brings more evidence for the bullish outlook. In this case, we should keep watching the next resistance at 1.0000 - 1.0009 as a potential target for the ongoing upward correction. The subsequent pullback from this area could be a departure point for a downward price movement towards the closest support at 0.9925 - 0.9904.
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?