USDCHF remains in downtrend from 0.9751 (Jul 9, 2013 high), the price action from 0.8699 could be treated as consolidation of the downtrend. Range trading between 0.8699 and 0.8952 would likely be seen over the next several weeks. Near term resistance is at 0.8952, as long as this level holds, the downtrend could be expected to resume, and another fall towards 0.8300 is still possible after consolidation. Key resistance is located at the upper line of the price channel on daily chart, only a clear break above the channel resistance could signal completion of the downtrend.
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EUR/USD clings to modest gains above 1.0650 ahead of US data
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GBP/USD extends rebound, tests 1.2400
GBP/USD preserves its recovery momentum and trades near 1.2400 in the second half of the day on Tuesday. The data from the UK showed that the private sector continued to grow at an accelerating pace in April, helping Pound Sterling gather strength against its rivals.
Gold flirts with $2,300 amid receding safe-haven demand
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Here’s why Ondo price hit new ATH amid bearish market outlook Premium
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US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
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