[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.18599 and 1.18865.
- Support line of 1.17739 and 1.17473.
Commentary/ Reason:
- The euro changed hands at $1.1834, near its highest level so far this week, though few market players expect a clear break from its range so far this week ahead of Powell’s speech later today.
- RSI oscillator is within the normal area of 50, while Stochastic also edged toward the range too after retreating from undervalued range.
- The MACD is trading below its signal line and positive.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.91213 and 0.91427.
- Support line of 0.90522 and 0.90309.
Commentary/ Reason:
- The dollar bought 0.9077 Swiss franc.
- Both Stochastic and RSI oscillator is within the normal ranges of 50.
- The MACD is trading below its signal line and negative. The configuration is negative.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.32492 and 1.32893.
- Support line of 1.31194 and 1.31793.
Commentary/ Reason:
- The British pound stood firm at $1.3211, having gained 0.9% since the start of week.
- Both Stochastic and RSI oscillator is within the normal ranges of 50.
- The MACD is trading above its signal line and positive. The configuration is positive.