USD/CHF Short-term bearish pressures.
USD/CHF is pushing lower. Hourly resistance can be found at given at 0.9771 (09/06/2017 high). Strong resistance is given at 1.0107 (10/04/2017 high). Expected to show continued short-term bullish pressures.
In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.
USD/CAD Short-squeeze.
USD/CAD is now consolidating after the strong decline. Hourly support lies at 1.3165 (14/06/2017 high). Expected to show renewed weakness towards support given at 1.3010 (16/02/2017 low)
In the longer term, the pair lies in a bullish channel since a year. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low).
AUD/USD Testing support area around 0.7500.
AUD/USD is consolidating lower after the continued increase since the start of May. The technical structure is clearly negative and the pair should show continued bearish pressures towards support given at 0.7520 (09/06/2017 low)
In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.
