Price appears to be in a down trend starting around 1.60000 and falling until 1.05000 finding support price retraced making a 0.382 fibonacci retracemnt while price has continued falling. If trend continues I could see price making new lows below the previous support of around 1.05000.
I will be longing USDCHF due to the interest rate differential between USD & CHF. I think that the CHF will be a good currency to short due to their interest rate of -.75% I paired the CHF with the USD which has a 1.25% interest rate. I will be looking for fundamentals to support a weakening CHF while I hope to see fundamentals signaling a stronger USD. I'll be...
I will be shorting AUDCAD due to the interest rate differential between AUD & CAD. I think that the AUD will be a good currency to short due to their interest rate of 1.25% I paired the AUD with the CAD which has a 1.75% interest rate. I will be looking for fundamentals to support a weakening AUD while I hope to see fundamentals signaling a stronger CAD. I'll be...
Looking at AUDCHF, I have a bearish view on AUD. However, I am not sure if price will break through 0.66666 and move lower towards 0.65366 or if price will respect and bounce off off 0.66666 towards 0.68249 before a bearish movement happens. What're your thoughts.
I believe that the GBP will strengthen over the USD however with price coming below the 1.23 area I could potentially see myself being short on the GBP and being bearish until around 1.20 which is around were I would consider going long again since I do believe in a strong GBP against USD
