dollar

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18616 and 1.18752.

- Support line of 1.18344  and 1.18208.

Commentary/ Reason:

- The euro flattened out a little late last week having met resistance around the two-year peak of $1.1915. Yet it still ended the week with a gain of 0.5% and was last holding firm at $1.1855.

- Both Stochastic and RSI oscillators are steadies at normal ranges after a retreat from overvalued ranges.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.90968 and 0.91059.

- Support line of 0.90786  and 0.90695.

Commentary/ Reason:

- The dollar was quoted at 0.9094 Swiss franc.

- Stochastic oscillator entered overvalued range of 80.

- RSI oscillator steadies around normal range of 50.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31302 and 1.31623.

- Support line of 1.30264  and 1.29943.

Commentary/ Reason:

- The sterling was steady in Asia, with the sterling last buying at $1.3093.

- 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.

GBPUSD