[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19637 and 1.20215.

- Support line of 1.18922  and 1.18343.

Commentary/ Reason:

- The euro changed hands at $1.1937, having strengthened to its highest level since May 2018 in the yesterday session.

- Stochastic oscillator entered undervalued range of 20 after a major pullback from overbought range.

- RSI oscillator steadies around normal range of 50.

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

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.90715 and 0.90953.

- Support line of 0.89950  and 0.89713.

Commentary/ Reason:

- Against the Swiss franc, dollar is poised to re-test multi month or multiyear troughs made earlier in the month, though moves in morning trade were small as Wednesday's release of the Federal Reserve minutes looms on the horizon.

- The dollar was quoted at 0.9035 Swiss franc.

- Stochastic oscillator entered overvalued range of 80 after a major pullback from oversold range.

- RSI oscillator around normal range of 50, though expected to follow into the overvalued range.

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

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.32617 and 1.33557.

- Support line of 1.31456  and 1.30517.

Commentary/ Reason:

- Sterling edged above Tuesday’s eight-month high of $1.3241, last quoted at $1.3242.

- Stochastic retreated into undervalued range, with RSI oscillator expected to follow suit.

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