USD/CHF
Our preference: Short positions below 0.986 with targets @ 0.885 & 0.845 in extension.
Alternative scenario: Above 0.986 look for further upside with 1.024 & 1.064 as targets.
Comment: The pair is posting a rebound but stands below its resistance.
Supports and resistances:1.064 **1.024 ***0.986 ***
0.9380 Last0.885 ***0.845 ***0.825 **
EUR/NZD
The upside prevails as long as 1.552 is support.
Alternative scenario: the downside breakout of 1.552 would call for 1.516 and 1.495.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.5361 and 1.4816).
Supports and resistances:1.688 **1.667 *1.646 **1.6251.5809 last
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