Will sell EurChf 9635 if seen…UsdChf bid flows are holding it up for now. Chf pairs are receiving the money flow so far today. 10yr Yield is not happy around 41.40 and so it may well pick up either today or tomorrow from the 41- 41.50 area. Big day tomorrow fundamentally so expecting flows to not be very aggressive today.
UsdChf is receiving best money flow today, other pairs are very quiet and is being bought. See 8840 likely being revisited at some point regardless of price activity and prefer the 8810-20 area for buy entry if seen. Needs to be viable in relation to fundamental conditions (elections/data and such today). EurChf is lofty so it either breaks out or fails well with decent conviction on the sell side, if S/P futures continue to sag it may put a cap on this pair.
GBPJPY Analysis: Key Levels to Watch for Potential Trend Movements
GBPJPY is currently encountering resistance at the 191.30 level. A breakthrough above this point could indicate a continuation of the uptrend from 185.21, with the next target potentially located around the 193.00 area.
The initial support level stands at 190.20. If this level is breached, it may initiate another descent towards testing the 189.02 support level. Further downside movement could target the 188.00 area.
AUDUSD 4-Hour Chart
Similar to USDCAD, AUDUSD had a head fake after the break of .6487 STOPPED DEAD ON AT AMAZING TRADER .6477 SUPPORT
What matters now is how AUDUSD trades vs, .6500 as only back above would neutralize the downside risk.
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The trendline and,6535 are key levels on top.
Why is the AUDUSD trading soft? China economic concerns?
USDCAD 30-Minute Chart
USDCAD backed off after a brief blip through the key 1.36 level (cited here yesterday) in what turned out to be more of a stop hunt than a new leg up.
The day range is 1.3571-1.3605, anything in between is noise.
A break of the trendline drawn of yesterday’s opening low would be needed to deflect risk on the upside in a market that seems to be on hold ahead of tomorrow’s BoC rate decision.
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