Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
GBP/CHF tested a key demand area
GBP/CHF is looking to resume the bullish bias across the board, following a fall held since April 18, where a resistance area has been established around 1.3855. The pair already made a rebound above the Fibonacci level of 50% at 1.3600, which is also a key psychological zone. If the move gets sustained for the short-term, then we would expect a rally towards the -23.6% Fibo level at 1.3972. However, if the pair manages to break below 1.3600, it can plummet towards 1.3454 (Fibo area of 78.6%).
RSI indicator is hovering around overbought territory.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?