Here's What We're Looking At Today
AUD/USD is breaking down, GBP/JPY looks like a great setup, and USD/CHF breaking resistance for the first time since 2019! Read for more...
AUD/USD
1D Chart
Price has broken the support trendline, and we're looking for the move to continue into support at 0.71750.
1H Chart
Price has kept bearish structure, and we continue looking for downside into the 0.71750.
EUR/USD
1D Chart
EUR/USD is pressing to the downside still, and the RSI is showing bearish momentum is strong as well. The ADX is increasing, showing that the trend is gaining strength. Support below lies around the 1.11600 mark.
1H Chart
Price has held intraday resistance and is pressing to the downside, and we anticipate this move to sustain into 1.1160.
GBP/JPY
1D Chart
Price has broken topside of a wedge pattern, and has retraced into previous structure and the 61.8% fibonacci retracement level as support. Price is also at the 50 & 100 moving averages as support. We're looking for upside from this zone.
1H Chart
Price remains capped by the 1H trendline resistance. We'd like to see this resistance broken prior to looking for upside.
USD/CHF
1D Chart
Price is breaking to the upside of the resistance trendline for the first time since it formed in April 2019. We're looking to see continued USD upside towards 0.9500.
1H Chart
USD/CHF is holding above the moving average ribbon, and is currently holding 61.8% fibo support. We're looking for upside to continue from current price.
