Technical outlook for CHF/JPY, AUD/JPY, CAD/JPY

Technical outlook for CHF/JPY, AUD/JPY, CAD/JPY

2020-08-10 • Updated

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Ichimoku Kinko Hyo

CAD/JPY: The pair is trading in a bullish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

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Fibonacci Levels

XAG/USD: Silver is finding a resistance at 23.6% retracement area. Bulls remain strong.

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US Market View

China arrested Jimmy Lai, one of Hong Kong’s richest and best-known publishers, on suspicion of collusion with foreign agents. Beijing also said it will sanction 11 US politicians, including Senators Ted Cruz and Marco Rubio, in response to US sanctions announced on the same number of Chinese officials last week. US President Trump issued four executive orders to partially extend the payment of enhanced unemployment benefits, to bridge a gap left by the failure of Congressional Republicans and Democrats to agree on a new package of economic relief measures.

US Key Point

  • The USD is the strongest and the CHF is the weakest.
  • Core 10-year bond yields remain supported after NFP bounce.

Similar

USD/CAD Short Trade
USD/CAD Short Trade

USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.

Latest news

AUD: Markets Prepare for RBA Rates Statement.
AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.

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