AUDUSD(Australian dollar) sliding lower
The AUDUSD(Australian dollar)continued selling off as price action moved away from its recent high. The pair seems to have secured a foothold past 0.6300, and a subsequent fall below 0.6250 prompted buyers to close some positions. The AUDUSD(Australian dollar) could see a meaningful rebound back above 0.6300 if it clears the latest hurdle of 0.6240. On the downside, a fall below 0.6200 would send the pair towards 0.6130 to test the recent monthly low.
USDCHF begins fightback
The US dollar consolidated gains after digesting the Fed’s latest announcement. The pair continues its way higher after clearing the psychological level of 0.9000. A bullish breakout of the recent consolidation area around 0.9070 would expose the previous peak towards 0.9200. On the downside, 0.8960 is the first support, and 0.8880 is the key to maintaining the current momentum.
GBPJPY choppy and undecided
The currency pair has seen substantial consolidation in recent sessions, as a sideways channel looks likely to remain. With many rejections at the 195.00 level, analysts are predicting another downturn to follow the trend. 192.50 looks for support, but if this is broken, then prices could begin to shift back to 189.00, as a bearish divergence could come into play on the RSI. A break above 194.20 could see prices finally break free, and then a move towards 197.00 would likely be possible.
