USD/CHF Mid-Day Outlook

EUR/USD’s fall last week indicates short term topping at 1.0980. Initial bias stays on the downside this week for 55 D EMA (now at 1.0853). Sustained break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will stay on the downside as long as 1.0980 resistance […]

Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9000) will bring deeper fall to 38.2% […]

Daily Pivots: (S1) 0.6718; (P) 0.6746; (R1) 0.6792; More… AUD/USD’s rally resumed after brief retreat and intraday bias is back on the upside. As noted before, fall from 0.7156 could have completed with three waves down to 0.6269. Further rise should be seen to 0.6894 resistance first. Sustained break there will target 0.7156 next. On […]