Overall there is strength in the AUD and NZD Overall there is weakness in the USD, EUR, GBP, CHF, JPY and CAD Buy Trades – AUD/USD, AUD/JPY, AUD/CAD, AUD/CHF, NZD/USD, NZD/JPY, NZD/CHF, NZD/CAD Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD
Overall there is strength in the USD and CAD Overall there is weakness in the GBP, EUR, JPY, NZD and CHF Buy Trades – USD/JPY, CAD/CHF Sell Trades – EUR/USD, EUR/CAD, GBP/USD, GBP/CAD, NZD/USD, NZD/CAD
Overall there is strength in the NZD, with minor strength in the EUR, CHF and CAD Overall there is weakness in the GBP and USD Buy Trades – EUR/GBP, NZD/USD, NZD/JPY Sell Trades – GBP/AUD, GBP/NZD, GBP/CAD, GBP/CHF, AUD/NZD, USD/CAD
Overall there is minor strength in the USD, CAD and AUD Overall there is minor weakness in the EUR, GBP and CHF Buy Trades – USD/CHF Sell Trades – EUR/USD, EUR/AUD, GBP/USD, GBP/AUD
Overall there is strength in the JPY, with minor strength in the AUD and NZD Overall there is weakness in the EUR, CHF, USD, with minor weakness in the GBP and CAD Buy Trades – NZD/USD, NZD/CHF, AUD/USD, AUD/CHF, GBP/CHF Sell Trades – EUR/USD, EUR/JPY, EUR/GBP, EUR/AUD, EUR/NZD, CHF/JPY
The USD/CHF pair faced resistance at the level of 0.9684, while minor resistance is seen at 0.9622. Support is found at the levels of 0.9574 and 0.9521. Pivot point has already been set at the level of 0.9622. Equally important, the USD/CHF pair is still moving around the key level at 0.6750, which represents a daily pivot in the H1 time frame at the moment. Yesterday, the USD/CHF pair continued moving upwards from the level of 0.9574. The pair rose to the top around 0.9574 from the level of 0.9622 (coincides with the ratio of 23.6% Fibonacci retracement). In consequence, the USD/CHF pair broke resistance, which turned into strong support at the level of 0.9574. The level of 0.9574 is expected to act as the major support today. We expect the USD/CHF pair to continue moving in the bullish trend towards the target levels of 0.9684 and 0.9735. On the downtrend: If the pair fails to pass through the level of 0.9735, the market will indicate a bearish opportunity below the level of 0.9735. So, the market will decline further to 0.9622 and 0.9574 to return to the daily support. Moreover, a breakout of that target will move the pair further downwards to 0.9521 in order to form the double bottom. On the other hand, if a breakout happens at the support level of 0.9521, then this scenario may be invalidated.