[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.
[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.
[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.