The pair dropped sharply close to 88.6% correction at 1.2895. The long bearish candle formed yesterday might be pressuring the pair in light of the negativity showing on Linear Regression Indicators, as stability below 1.3020 favors the attempt to break the support 1.2898 to rush directly towards 1.2755 and perhaps further towards 1.2595 later.
Of note, we wait today for the U.S. jobs data that might cause sharp volatility. Trading below 1.3020 keeps the bearish possibility valid.
GBP/USD - European Session
The pair touched our main awaited target at 1.6285 where it found a good support and could lead to a bullish rebound in the upcoming period supported by Stochastic reaching oversold areas. We prefer to remain on the sidelines to monitor the pair at the mentioned support and resistance 1.6415, whereas breaching this resistance confirms the bullish rebound to test 1.6625 mainly, while breaking the support 1.6285 pushes the pair towards the psychological barrier 1.6000.
USD/CHF - European Session
The pair moved sharply to the upside yesterday and breached the resistance 0.9285. Trading now above this resistance is positive and the first target of the upside move is at 0.9405 at 161.8% correction as showing on graph. A break above the latter extends the upside move.
AROON and MACD are showing good positive signals, as Linear Regression Indicators are still trading positively. All these catalysts forces us to think the upside move could extend today as long as the pair is stable above 0.9195 in general, and above 0.9285 intraday.
USD/CAD - European Session
The pair dropped yesterday and the day before, but failed till now to stabilize below SMA 50 with a daily closing. Despite that, the pair is still trading below 1.0910 represented in 23.6% correction and SMA 20, and trading below it keeps the possibility of further bearish attempts. Its significant to break 1.0805 to confirm extending the downside move.
By examening MACD Indicator, we notice that its still negative and Stochastic showed a negative crossover supporting the possibility of a downside move today intraday today.
AUD/USD - European Session
AUDUSD pair is still stable above SMA 50 and 100 that support continuing the bullilsh expectations intraday, in addition to Stochastic reaching oversold levels, so the positive scenario remains valid in the upcoming period unless the pair breaks 0.9310 then 0.9260. Our next target resides at 0.9500.
