GBPCHF has formed ascending triangle and it started to test important psychological level and resistance at 1.22. We have seen that GBP has been very strong recently mainly because it was undervalued before the Brexit deal was agreed. A break of resistance would signal further move north.
Price levels above 1.25 are expected later this year.
Credit Agricole CIB Research likes long GBP/CHF exposure on the prospect of a Brexit EU-UK trade deal targeting a move towards 1.25.
"Our central case remains that a ‘bare -bones’ Free Trade Agreement (FTA) will be agreed between the UK and the EU. We continue to think that a trade deal is in the best interest of both the EU and the UK," CACIB notes....
AUDUSD had a big rise in previous month and it tends to become stronger. At the current levels it is a good buying opportunity. My targets are 0.7012 and 0.7134. The strong support is at 0.6790 - 0.6750 levels. If we see the breakout here the bears will take control.