[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.16414 and 1.16752.
- Support line of 1.15323 and 1.14986.
Commentary/ Reason:
- Euro has gained 1.6% this week, its best since late June, and 3.4% for the month so far to sit at $1.1613, just below a 21-month high hit overnight.
- Stochastic indicator in over 80 value into overvalued range.
- RSI oscillators flirting into undervalued range.
- The MACD is trading above its signal line and positive. The configuration is positive.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.93018 and 0.93251.
- Support line of 0.92031 and 0.92264.
Commentary/ Reason:
- The safe-haven Swiss franc also hit a four-month peak of 0.9243 per dollar.
- Both Stochastic and RSI oscillators flirting into undervalued ranges.
- The MACD is trading above its signal line and negative.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.2775 and 1.2809.
- Support line of 1.2665 and 1.2631.
Commentary/ Reason:
- Sterling hung on to early-week gains at $1.27488.
- Stochastic indicator steadies around normal range after a pullback from overbought range.
- RSI indicators at around normal range of 50.
- The MACD is trading above its signal line and positive. The configuration is positive.