[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.1349 and 1.1419.
- Support line of 1.1168 and 1.1081.
Commentary/ Reason:
- The euro changed hands at $1.1258, maintaining its gain around 0.4% since the start of week.
- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.
- RSI indicator is closing and lingers into overbought range.
- The MACD is trading below its signal line and positive.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.9529 and 0.9586.
- Support line of 0.9416 and 0.9376.
Commentary/ Reason:
- The pair unable to climb back to last two-day high and now traded at 0.9463.
- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.
- RSI indicator steadies around normal range of 50.
- The MACD is trading below its signal line and negative.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.2545 and 1.2683.
- Support line of 1.2316 and 1.2252.
Commentary/ Reason:
- Sterling traded at $1.2477, flat in early Thursday trade, though having gained 1.1% so far this week, though slumped to a new 1-month low of 1.2252 yesterday.
- Both Stochastic and RSI oscillators entering overvalued and overbought range.
- The MACD is trading below its signal line and positive.
