[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1216 and 1.1168.

Commentary/ Reason:

- Against the euro, the dollar was quoted at $1.1345, close to a three-week low, which we also set for the first resistance line.

- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.

- RSI indicator is more than 70, also showing that it entered overvalued range.

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

EURUSD

 

[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 greenback bought 0.9374 Swiss franc on Thursday in Asia, close to the lowest in almost four months, while also breaking the 1-month low.

- Stochastic indicator is less than 20 value, signalling that the indicator entered undervalued range.

- RSI lingers around the undervalued range too.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2686 and 1.2755.

- Support line of 1.2457 and 1.2252.

Commentary/ Reason:

- Sterling shrugged off earlier losses and rose 0.6% to $1.2613, after British finance minister promised 30 billion pounds ($37.7 billion) to head off an unemployment crisis by paying companies to bring back furloughed workers and cutting taxes for hospitality firms and homebuyers.

- Stochastic and RSI indicators both steadies around normal ranges of 50 after recovering from oversold ranges.

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

GBPUSD