XAU/USD remains in an uptrend. This week it rose above the key psychological level of 1,500.
Daily Market Analysis
GBP/AUD is having a bumpy ride. The pair has been trading in a downtrend since May.
Technical analysis of AUD/NZD
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
On Tuesday, EUR/USD formed a candlestick with a small body and long upper and lower wicks - this is a sign of the market’s uncertainty.
CHF/JPY has recently broken below the support line from May lows.
Where will CAD/CHF go?
It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
Two scenarios for EUR/JPY
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line.
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
Brent oil closed last week below the 100-week MA at 61.86 for the first time since 2018