USDCHF continues to eye further upside pressure closing higher on Friday and opening the door for more gain in the new week. Support comes in at the 0.8800 level. Below here, support lies at the 0.8750 level and then the 0.8700 level. Further down, support comes in at the 0.8650 level. On the upside, resistance is seen at the 0.8900 level with a turn above there opening the door for a move towards the 0.8950 level. And then the 0.9000 level. Further up, resistance comes in at the 0.9050 level. Its daily RSI bullish and pointing higher suggesting more strength. All in all, USDCHF remains biased to the upside on further recovery.
EURUSD faces risk of further downside pressure after extending its weakness on Monday. On the down, support comes in at 1.2100 level with a violation opening the door for a run at the 1.2050 level. Further down, support is seen at the 1.2000 level. A cut through that level will clear the way for a move towards the 1.1950 level. On the upside, resistance comes in at the 1.2200 with a break of that area turning risk towards the 1.2250 level. A move above here will target the 1.2300 level. Further up, resistance stands at the 1.2350. All in all, EURUSD looks for more downside pressure in the days ahead.
EURJPY continues to face risk of more weakness followings its past week sell off. On the downside, support comes in at the 125.00 level where a break if seen will aim at the 124.50 level. A cut through here will turn focus to the 124.00 level and possibly lower towards the 123.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 126.00 level. Further out, we envisage a possible move towards the 126.50 level. Further out, resistance resides at the 127.00 level with a turn above here aiming at the 127.50 level. On the whole, EURJPY continues to face risk of further move lower.
EURUSD faces risk of further upside pressure after backing off lower prices on Tuesday. On the down, support comes in at 1.2100 level with a violation opening the door for a run at the 1.2050 level. Further down, support is seen at the 1.2000 level. A cut through that level will clear the way for a move towards the 1.1950 level. On the upside, resistance stands in at the 1.2150 with a break of that area turning risk towards the 1.2200 level. A move above here will target the 1.2250 level. Further up, resistance stands at the 1.2300. All in all, EURUSD looks for more upside pressure in the days ahead.
AUDUSD remains biased to the downside in the new week. On the downside, support comes in at the 1.7650 level. A cut through here will turn focus to the 0.7600 level and then the 0.7550 level. A violation will set the stage for a retarget of the 0.7500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.7750 level where a breach will aim at the 0.7800 level. Above here will open the door for a run at the 0.7850 level and then the 0.7900 level. On the whole, AUDUSD faces further downside threats.
EURUSD faces risk of further upside pressure as it halted its bear pressure on Friday opening the door for more gain. On the down, support comes in at 1.2000 level with a violation opening the door for a run at the 1.1950 level. Further down, support is seen at the 1.1900 level. A cut through that level will clear the way for a move towards the 1.1850 level. On the upside, resistance stands in at the 1.2100 with a break of that area turning risk towards the 1.2150 level. A move above here will target the 1.2200 level. Further up, resistance stands at the 1.2250. All in all, EURUSD looks for more upside pressure in the new week.
