GBP/USD H1
The GBPUSD has rotated back lower and looks toward target support at th 1.57936 level (38.2% and the lower trendline at the 1.5789. Look for buyers on the dip (against the support area). A move below each would open the door for further selling in the pair.
SNB Jordan comments sends the EURCHF higher
The EURCHF has gotten a push higher on the back of some comments from SNB Jordan who said the SNB would continue to support the EURCHF. The EURCHF moved up and looks to test the 200 day MA at the 1.20577 level. A close above this level would be the first close above the level since January 24th and would be the 2nd close above in the last 19 days of trading. The burden is on the bulls to force the price up. Sellers have been the big winners in this pair since December 7th.
usd/hkd trading in a wedge formation.
USD/HKD H1
usd/hkd trading in a wedge formation in this hourly chart.
usd/sgd getting close to recent lows.
usd/sgd is getting close to recent lows around 1.2400 in Oct-2011.
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