USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, the RSI is in the overbought area. As a result, in this situation, the price is expected to break below the 6/8 (0.9033) level, falling to the support at 5/8 (0.8911). The scenario could be cancelled by rising above the resistance at 7/8 (0.9155). In this case, the pair might climb to the 8/8 (0.9277) level.
On M15, a breakout of the lower line of the VoltyChannel will increase the probability of a further price decline.
XAU/USD, “Gold vs US Dollar”
Gold quotes are above the 200-day Moving Average on D1, which indicates a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise to the nearest resistance at 8/8 (2250.00). The scenario could be cancelled by a breakout of the 7/8 (2187.50) level. In this case, Gold quotes might decline to the support at 6/8 (2125.00).
On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise.
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