EUR/USD Technical Analysis
The Euro has really started to roll over again during the trading session here on Wednesday as interest rates in America continue to pick up. That, of course, is driven by the fact that the Americans have attacked the Iranians again, and this suggests that perhaps market participants are going to continue to run to the safety of the US dollar or maybe just the yields of the US dollar.
USD/CHF Technical Analysis
The US dollar has rallied against the Swiss franc, although it is struggling a little bit with the 0.81 level. The 0.81 level is an area that I think, given enough time, if we can break above there, market participants can really start to drive this pair towards the 0.82 level. I think it is probably only a matter of time before that happens, but we are seeing a bit of fight here in the Swiss franc due to the safety trade. I am bullish still.
AUD/USD Technical Analysis
The Australian dollar has gone back and forth during the course of the trading session. It looks like we’re just struggling with that 0.6950 level, but we do have the 200-day EMA underneath offering support. This should be an area of struggle, so make sure you pay close attention in this area.
AUD/USD Price Forecast
Every new AUD/USD analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all AUD/USD forecastsSo, I think we’re just kind of stuck here, but if we can break above 0.6966 or so, it’s likely that this market will continue to press towards the 50-day EMA. Any pullback from here and a breakdown below the swing low at 0.6860, I think, then opens up the possibility of a drop down to the 0.67 level, which, quite frankly, at this point, I don’t think would be overly surprising.
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