Industrial-production-March-15-1

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18906 and 1.19173.

- Support line of 1.18039  and 1.17771.

Commentary/ Reason:

- On focus later is on eurozone manufacturing data, set to be released later today.

- The dollar stood at $1.1873 per euro on Friday in Asia following a 0.2% decline in the previous session.

- Both Stochastic and RSI oscillators steady around normal range of 50.

- The MACD is trading below its signal line and positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91599 and 0.91984.

- Support line of 0.90353 and 0.89968.

Commentary/ Reason:

- The dollar suffered losses against the safe harbour Swiss franc in early exchange today, last trading at 0.907 in Asia on Friday.

- Stochastic retreated from the overvalued range into normal range.

- RSI oscillators steadies around normal range of 50.

- The MACD is trading above its signal line and negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.32747 and 1.33313.

- Support line of 1.31117  and 1.30053.

Commentary/ Reason:

- The British pound bought $1.3232, holding onto a 0.8% gain made on Thursday.

- Both Stochastic and RSI oscillators linger just below the area of overvalued ranges.

- The MACD is trading below its signal line and positive.

GBPUSD