– USDCHF reversed from key support level 0.8400
– Likely to rise to resistance level 0.8600
USDCHF currency pair recently reversed up from the key support level 0.84000 (intersecting with the lower weekly Bollinger Band).
The support level 0.84000 was further strengthened by the lower support trendline of the weekly down channel from the start of 2023.
Given the still oversold weekly stochastic, USDCHF can be expected to rise further to the next resistance level 0.8600 (former support from the middle of last year).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies