USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
USD/MXN: the clues from the technical picture
Information is not investment advice
As you look for the technical trade ideas, pay attention to USD/MXN. On D1, the pair formed a bearish “shooting star” candlestick ahead of the resistance line from December high. In addition, the 100-day MA went below the 200-day MA. All this may mean that the pair isn’t just yet ready for a break to the upside. The further recovery is possible above 19.20, although the MAs in the 19.30 area will likely limit the upside.
NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.
This week brought various economy news releases related to GBP. What is the layout of the British pound?
Read the opinion by Morgan Stanley and ANZ on the performance of AUD in Q1