The aussie entered in a side-ways range over the last three sessions of trade, even though the euro and the pound pushed higher, which would normally empower the aussie to move. On the daily chart, the aussie has formed two doji-star patterns, denoting indecision and possible swing point.
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Sideways Calm Before The Commodity Pair Storm
The swissy and the euro move with inverse patterns that may hold at least until the Thursday SNB rate decision. Right now, any Eur/Usd analysis will work in inverse fashion for Usd/Chf. The pair’s momentum is currently neutral, while the daily trend is holding long
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Japanese Yen Buckles As Swiss franc Holds
The EUR/GBP pair is nearing/testing a long-term declining resistance – from a large congestion pattern. You can see this more clearly in the weekly.
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EUR/GBP Exhaustion or Breakout
