CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
Tag - chf
We have a lot of USD movers today with the speech by the Fed Chair and the release of the FOMC meeting minutes
Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area.
Last week GBP/CHF topped at 1.2475 as it met the previous support and now resistance line connecting the 2016 and 2018 lows.
Given the global economic and political background, selling AUD/CHF seems like a good idea.
CHF/JPY formed a “bullish engulfing” pattern on the W1.
On Monday, AUD/CHF broke above the line connecting April and July highs at 0.6785 and managed to close the day above it.
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area.
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695.
CHF/JPY has recently broken below the support line from May lows.
Where will CAD/CHF go?