2020-08-05T025346Z_1_TS6_RTRLXPP_2_LYNXPACKAGER

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19344 and 1.20193.

- Support line of 1.16597  and 1.15749.

Commentary/ Reason:

- The euro paused at $1.1793 to hover near its highest since May 2018.

- Stochastic entered the overvalued range of 80.

- RSI oscillator steadies around normal ranges of 50.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92071 and 0.93179.

- Support line of 0.90702 and 0.89595.

Commentary/ Reason:

- Against the safe-harbour Swiss franc, dollar teetered at 0.9132.

- Stochastic oscillator entered overvalued range of 80.

- RSI oscillator steadies around normal ranges of 50.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31507 and 1.32787.

- Support line of 1.29926  and 1.28647.

Commentary/ Reason:

- The British pound was a tad lower at $1.3072 after hitting a five-month high of $1.3185 last week.

- Stochastic oscillator entered overvalued range of 80.

- RSI indicator also pulled towards the overvalued ranges of 70.

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

GBPUSD