On the daily chart of CAD/CHF, the pair is near the resistance of 0.7490.
Tag - chf - swiss franc
Currencies move in small ranges, but more volatility lies ahead as it's a week of central bank meetings…
On the daily chart, the pair has been rising.
Last week USD/CHF broke below the uptrend support line of 2018.
CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area.
The NZD remains in a downtrend versus the CHF and the JPY as the market is still in the risk-averse mode.
Technical analysis of AUD/CHF
On the daily chart of CAD/CHF, on June 3, the pair met support at 0.7382 and rebounded.
The Bank of Canada will host a meeting at 17:00 MT time…
Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
We've got a 'Tweezers' pattern, which has been confirmed. Thus, it's likely that the market is going to test the next support...