USD/CHF
Crucial resistance is at 0.8990, next up move will be intact only above it.
Support is at 0.8939, 0.8923 and 0.8897.
The pair looks overbought at the current levels for the next couple of weeks. The short-term trend will change if it sustains above 0.8990 levels.
After crossing above 0.8990, buy for targets at 0.9060 levels, until it, sell with sl 0.8990.
USD/CAD
The pair favors 'selling the rally' strategy in the medium term initially aiming at 1.0579 levels.
For the near term the pair favors 'buying the dip' strategy with sl 1.0770. A day close below this will terminate the buying the dip strategy. On the up side, the pair has resistance at 1.0910, 1.0943 and 1.0987 levels. The strong bull run will take place above 1.1052 levels. On the down side, the pair has support at 1.0849, 1.08100 and 1.0770 levels.
On an intraday basis, the pair looks bullish and strong above 1.0887 levels targeting 1.0908, 1.0920 and 1.0940 levels. The support levels are at 1.0849, below this, it will fall to 1.0810 levels.
USD/JPY
The pair is facing strong resistance at 102.05 levels, once it crosses it above, 102.21 and 102.35 will be target levels. On the downside, the support level is at 101.88 and 101.60 levels. The pair favors 'buying the dip' strategy for the next couple of days (positional). Buy above 102.35 or please wait for a dip to buy.
For intraday traders, until the pair crosses and sustains above 102.05, traders can enter selling mode for 101.77, 101.71, 101.66 and 101.60 levels. The pair looks weak below 101.90 levels, cmp 101.95. If the level of 102.05 is crossed at higher levels again, short at 102.15-102.35 levels.
The material has been provided by InstaForex Company - www.instaforex.com
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