Dollar+Strength

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18401 and 1.18814.

- Support line of 1.17065  and 1.16652.

Commentary/ Reason:

- Against the euro, the dollar traded at $1.1813 following a 0.4% decline on Wednesday.

- Both Stochastic and RSI oscillators still linger just below the overbought 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 0.92008 and 0.92406.

- Support line of 0.90723 and 0.90326.

Commentary/ Reason:

-The dollar was quoted at 0.9105 Swiss franc after falling around half a percent against the safe harbour currency during the previous session.

- Both Stochastic and RSI oscillators pulled back from the oversold ranges.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30786 and 1.31030.

- Support line of 1.29994  and 1.29750

Commentary/ Reason:

- The British pound held steady at $1.3064.

- Both Stochastic and RSI oscillators pulled back though still linger just below the overbought ranges.

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

GBPUSD