USDCHF technical analysis
According to the daily chart of the USDCHF, it is noticeable that the upward movement of the market, which started at the February 16 low of 0.9187, was stopped at the resistance range of 1,0068-1.0038. This bullish rally has taken three months. The USD / JPY converted to the Swiss franc after colliding with the range with sales pressures, which saw the beginning of market correction fluctuations and the downside of the currency pair to the mid-range of 0.9550.
On September 24th, buyers arrived around the mid-range 0.9550, which resulted in a fast upward bullish rally to resistance levels. In the previous report, the USDCHF currency depreciation was reported in response to the resistance range of .0068-1.0038. Recently, the return signal has been issued, and the parity rate has returned to bearish under the resistances of 0038 with the formation of a downward curvature curtain pattern.
On today’s trading, if the US dollar exchange rate hits the Swiss franc to cover the buckle and passes below the Rand rate of 1,0000, then the USDCHF will support the 0.9975-0.9950, 0.9900 and 0.9950 will be encountered.
In contrast, if the Rand rate of 1.0000 is in the form of support, it could return the pair to resistance. In order to continue the upward movement of the market, the rally should be broken down to 1.0100.
AUDUSD withdrawal from nine month downtrend channel
According to the AUDUSD pair’s daily chart, the depreciating market rally, which started at a high of $ 0.08136 this year, has been stopped after a period of eight months from the 0.7060-0.7025 support range. This downside rally has been in the form of a downward channel. In the previous report, the possibility of defeat of the channel of descending channel was mentioned. The buying pressure rose further, with the AUDUSD pair rising above the nine-month low on the Canadian downturn channel and reaching $ 7200 at the Rand rate.
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In today’s trading, the Australian dollar has hit the US $ 0 .7,200 in rally support and has reached a low resistance level of $ 72,355. If this resistance is converted to support and the pair breaks above the $ 0 .25050 level, we can see that the upside moves up to resistance levels are 0.73155-0.7300, .7365, and .7485-0.7450.
In contrast, if the AUDUSD reacts to the resistance range of 0 7250-0.7235 in the form of resistance, then the likelihood of limiting the bullish movements and the return of the market to the support of 0 7200 and the channel’s ceiling in the range of 0 7150-0 7130 There is.
EURUSD withdrawal from short-term descending channel
Considering the chart of the EURUSD’s 4-hour chart, the one-month downtrend of the Rand resistance of $ 1,1800 was discontinued after colliding with the Rand rate of $ 1,1300. The Rhode 1, 1300 rallied for the second time in support and prevented further downward movement. Last week, the EUR / USD rate could break the $ 1.1300 back support for a short-term downtrend channel, returning to a near resistance level of $ 1,1432.
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On today’s trading sessions, the euro’s exchange rate in US Dollars reacted to support rates at $ 1,400 in support and rose to 1,1432. If the EURUSD crosses the top of 1 1432 and this resistance is turned into support, then the market path will be matched to resistance levels of 1,1485, 1,1509, and 1,550.
In contrast, if the 1′-1432 rate maintains its position in the form of resistance, it could limit the bullish movements and return EURUSD to the Rand rate of 1,1400, 1,1350-1,1335 and 1,1300.