bangjunamedya200

USD/CHF: Bullish bias above 0.9405 Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 0.9405 Our preference Long positions above 0.9405 with targets at 0.9440 & 0.9450 in extension. Alternative scenario Below 0.9405 look for further downside with 0.9395

AUD/USD – NZD/USD AUDUSD reversed from just below last week's high at 7000/10 to target 6940/30 then a buying opportunity at 6910/00. NZDUSD we wrote: overbought so could start to trade in a more sideways direction. We held the sideways trend, breaking support at 6555/45, stop below 6535 activated,

AUD rose on Tuesday – on the backs of underlying USD weakness + small uptick across risk assets. Markets do not seem moved by the surge in new Covid19 cases in Victoria and NSW. The Chief Health Officer of Victoria announced 270 new cases on 14 July after 177 new cases on 13 July.

Extra gains are expected in AUD/USD if the 0.7010 level is cleared in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expectation for AUD ‘to dip below 0.6910” yesterday was wrong as it staged a sharp reversal after touching a low of 0.6922. The solid bounce could ed