Key PointsThe US Dollar after trading near 0.9820 for some time against the Swiss Franc found sellers and traded down. The downside in the USDCHF pair found support around a bullish trend line on the hourly chart. Today, the Switzerland Trade Balance figure was released by the Federal Customs Administration. The outcome was on the lower side, as the trade surplus was 3,025M in August 2016. USDCHF Technical Analysis
The US Dollar moved down recently against the Swiss Franc after failing to break the 0.9820 level. The USDCHF pair moved down and broke the 21 hourly simple moving average. However, the downside was protected by a bullish trend line on the hourly [...]
Key PointsThe Aussie dollar traded lower recently against the New Zealand dollar, and about to break a major support. There is a bearish trend line formed on the hourly chart of the AUDNZD pair, which is currently acting as a resistance. Today in Australia, the NAB´s Business Conditions was released by the National Australia Bank. There was a minor decline noted from the last reading of 8 to 7 in August 2016. AUDNZD Technical Analysis
The Aussie dollar declined heavily recently against the New Zealand dollar and traded below the 1.0300 support area. There is a monster bearish trend line formed on the hourly chart of the AUDNZD pair, which is protecting losses and acting as [...]
Key PointsThe Euro after posting a new high of 116.36 versus the Japanese yen found sellers and moved down. The Euro sellers managed to break a bullish trend line formed on the hourly chart of the EURJPY pair. The German Factory orders report was released by the Deutsche Bundesbank. The forecast was lined up for an increase of 0.5% in July 2016, but it came in at 0.2%. EURJPY Technical Analysis
The Euro traded positively recently and traded as high as 116.36 versus the Japanese yen where sellers appeared. The EURJPY pair started moving lower, and also broke a bullish trend line formed on the hourly chart.
The pair traded as low as 115.11 and attempted a recovery. [...]