– USDCHF reversed from support level 0.8560
– Likely to rise to resistance level 0.8700
USDCHF recently reversed up from the key support level 0.8560 (which stopped the previous impulse wave i in the middle of July).
The upward reversal from this support level is currently forming the daily reversal pattern Bullish Engulfing.
USDCHF can be expected to rise further toward the next round resistance level 0.8700 (top of the previous correction ii).
- 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…
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