USD/MXN may have found a short-term base and can test resistance at 19.67.
Daily Market Analysis
GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign.
Given the global economic and political background, selling AUD/CHF seems like a good idea.
The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time.
USD/JPY formed a candlestick on the W1 that strongly resembles a “shooting star”.
GBP/USD is having a third bullish week in a row.
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion.
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.