[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.1383 and 1.1492
- Support line of 1.1200 and 1.1146.
Commentary/ Reason:
- EURUSD has broken the boundary of a rising parallel channel.
- Stochastic oscillator reading movement toward undervalue range.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.9586 and 0.9617
- Support line of 0.9555 and 0.95434 (recent low).
Commentary/ Reason:
- Stochastic and RSI oscillators are both entering the undervalue range as of now.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.2633 and 1.2712.
- Support line of 1.2519 and 1.2452.
Commentary/ Reason:
- Against the pound GBP, the dollar fell to $1.2718 in Asia, close to its lowest since March.
- Price once again entered within the boundary of a rising parallel channel and expected to continue the trend for some time.
- Stochastic oscillator value is below 30, entering an oversold range.
- RSI oscillator is steadies around 50 value.