The pair failed to close above the declining 100-day MA on Thursday forming a candle which is very similar to a “shooting star”.
Daily Market Analysis
Technical analysis of AUD/CHF
XAU/USD, also known as spot gold, rose to the 1,440 area - the same zone that stopped its advance last week.
Technical analysis of GBP/NZD
It looks like a bearish “Bat” pattern is formed on the chart of USD/CHF.
NZD/USD got rejected from the 200- and 100-day MAs in the 0.6710-0.6995 area.
Technical analysis of CAD/CHF
The Reserve Bank of Australia is expected to cut its Cash Rate from 1.25% to 1% on Tuesday, July 2.
Technical analysis of GBP/CHF
AUD/CAD is consolidating in the narrow range between 0.92 and 0.9160 for the fifth day.
AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500.
Technical analysis of USD/JPY