372ad389-12e1-4d78-b442-442a8a388070

[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.

EURUSD

 

[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.

USDCHF

 

[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.

GBPUSD