USD/CHF remains depressed at four-month low, sidelined of late. Clear downside break of the 200-DMA, descending support line from late May favor sellers. 61.8% Fibonacci retracement level adds to the immediate upside filters. USD/CHF licks its wounds at the lowest levels since mid-April, taking rounds to 0.9420-25 during Thursday’s Asian session. The Swiss currency (CHF)… Read More »
AUD/USD remains indecisive below 200-HMA inside bullish chart formation. RSI, MACD hints at further weakness, 200-HMA guards immediate upside. Bulls need validation from 0.6980 resistance, weekly horizontal support tests bears. AUD/USD retreats to 0.6960 while portraying sluggish moves inside a short-term bull flag. That said, the Aussie pair recently eased from the 200-HMA during Wednesday’s… Read More »
USD/CHF fades corrective pullback from one-week bottom marked the previous day. Sustained break of short-term ascending trend line, bearish MACD signals favor sellers. Bulls need validation from the 200-SMA to retake control. USD/CHF remains depressed around 0.9550 amid a sluggish Asian session on Tuesday. Even so, the sellers remain hopeful while tracing a downside break… Read More »
AUD/NZD takes the bids to refresh intraday high after RBNZ Q3 Inflation Expectations. RBNZ Q3 Inflation Expectations eased to 3.07% versus 3.29% prior. Upside break of 200-HMA, upbeat oscillators also favor buyers. Nearby support confluence around 1.1065 restricts immediate downside. AUD/NZD remains on the front foot, extending Friday’s upside break of the one-week-old descending trend… Read More »
USD/CAD remains firmer after refreshing three-week high the previous day. RSI, MACD also favor recovery from 200-SMA, horizontal resistance line from July 19 tests bulls. Weekly support line, 61.8% Fibonacci retracement level challenge bears. USD/CAD bull keep reins around 1.2950 as the quote extend the previous day’s bounce off 200-SMA to Monday’s Asian session. The… Read More »
![Pound Sterling Price News and Forecast: GBP/USD extends weakness, pandemic low comes in focus [Video]](https://forexlatestnews.com/wp-content/uploads/2022/07/Pound-Sterling-Price-News-and-Forecast-GBPUSD-extends-weakness-pandemic.jpg)
GBP/USD remains pressured around two-week low, after breaking monthly support line. 21-DMA, the previous resistance line from mid-June appear to challenge the bears. RSI, MACD also favor sellers whereas buyers have tough challenges ahead. GBP/USD keeps Friday’s bearish bias as sellers attack 21-DMA support during Monday’s initial Asian session. In doing so, the Cable pair… Read More »
