EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair.
AUD/USD is looking down
SELL 0.6790; TP1 0.6770; TP2 0.0.6730; SL 0.6805
The Asian trading session on Thursday wasn’t kind to the AUD: Australia released weak labor figures and investors got worried about the prospects of the trade deal between the United States and China. AUD/USD that has settled below the 100-day MA in the 0.6840 area. The pair is currently testing the 50% Fibo retracement level of the October advance around 0.6800. The loss of this support will lead the price down to 0.6770 (61.8% Fibo) and 0.6725 (78.6% Fibo). Resistance lies at 0.6815 (200-period MA on H4) and 0.6830/40.
USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area.
On the D1 chart of GBP/USD the price action conforms to the bearish “Crab” pattern.
Risk-on pushed stocks and riskier currencies upward.
It’s simply the question of time before gold price gets to the higher levels…
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