1_lG1tO53DPOQjdinhKnRWEg

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1216 and 1.1168.

Commentary/ Reason:

- The euro held at $1.1326, maintaining its slow uptrend since late last month.

- Stochastic and RSI indicators value is more than 80 and 70, respectively, signalling that the indicators had entered overvalued ranges.

- The MACD is trading above its signal line and positive. The configuration is positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9467 and 0.9498.

- Support line of 0.9470 and 0.9323.

Commentary/ Reason:

- The dollar loosening on the franc at 0.9395.

- Stochastic indicator value is less than 20, signalling that the indicator had entered undervalued range.

- RSI oscillator also lingers around the undervalued range.

- The MACD is trading below its signal line and negative. The configuration is negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2686 and 1.2755.

- Support line of 1.2562 and 1.2457.

Commentary/ Reason:

- The pair keep climbing to stay at 1.2654, for now.

- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.

- RSI indicator also lingers towards overvalued range after steadies around normal range before.

- The MACD is trading above its signal line and positive. The configuration is positive.

GBPUSD