The USD/CHF pair is set to extend its gains as the Federal Reserve’s hawkish stance and strong US economic performance support further upside. The pair is trading above its 50-day SMA, and a breakout above 0.8600 could lead to a test of the 0.8800 level.
Introduction The Australian dollar (AUD) has weakened against the Swiss franc (CHF), reflecting a broader risk-off sentiment and divergence in monetary policies. With the Reserve Bank of Australia (RBA) maintaining a neutral stance and the Swiss National Bank (SNB) continuing its inflation-targeting efforts, the AUD/CHF pair has been showing signs of bearish momentum. Geopolitical tensions and subdued global growth expectations have further impacted risk-sensitive currencies like the Australian dollar, while……
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This analysis outlines a bearish outlook for CAD/CHF, supported by weaker Canadian economic data and CHF’s safe-haven status. Key technical indicators such as moving averages and RSI signal further downside. Short positions targeting 0.6100 are recommended, with careful risk management.
The GBP/USD pair is under pressure, with bearish sentiment prevailing due to diverging monetary policies between the BoE and the Fed. Technical indicators suggest further downside, with the pair likely to test the 1.2900 support level.
The USD/CHF pair shows a bearish trend amid mixed economic signals from both the US and Swiss economies. With resistance at the 50-day SMA and broader bearish technical indicators, the market outlook leans towards further downside. Key support lies at 0.8400, making a short position viable for medium-term traders looking to capitalise on the prevailing market sentiment.
The GBPCAD currency pair currently displays bullish potential driven by divergent central bank policies and economic fundamentals. A recent golden cross signals continued upside, with key support at 1.7600 holding strong. While resistance at 1.8000 remains a hurdle, further gains are likely if sentiment remains positive.
The USD/JPY is showing signs of a bearish turn, driven by policy divergence between the Fed and BOJ. While the US maintains a hawkish stance with higher rates, Japan faces mixed economic signals. Technical indicators point to weakness, but key support at 144.50 might limit immediate downside potential.
GBP/CAD remains under bearish pressure, driven by divergent central bank policies and economic health. With the BoE cautious amid mixed data and the BoC benefiting from stable conditions, a short position is recommended with targets aligned to technical support levels and a sound risk-reward ratio.
GBP/JPY has shown mixed signals recently, with moving averages and central bank divergences supporting a bullish view. However, inflation and employment data discrepancies pose potential challenges. Key levels to watch are 191 for support and 198 for resistance.
The GBP/JPY pair faces downside risks amidst divergent central bank policies and weakening UK economic data. Key technical levels show resistance at 194.00, with support near 190.10, where the 200-day SMA stands. With bearish sentiment growing, the outlook for GBP/JPY remains negative, supported by the recent death cross and weaker UK fundamentals.
