| The USDCHF is engaged in a tight battle between support and resistance, as it finds itself stuck between moving averages and a crucial floor level. The price is expected to break out of its narrow range soon, potentially leading to a surge in momentum. |
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The NZDUSD defies sellers as it moves higher, but an uncertain market awaits a breakout. Traders await the next move as the price hovers between hourly moving averages.
EURUSD falls towards key swing area as London/European traders look toward the exits.
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AUDUSD breaks above key resistance at 0.6656, but fails to sustain bullish momentum
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USDJPY breaks key support level, eyes on 100-day MA
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The USDJPY plummeted below the crucial 147.33 support level, increasing the bearish bias. Traders to now anticipate a potential bounce off the 100-day moving average at 146.90.
USDJPY makes new session lows. Seller making a play. Can they keep the momentum going?
2023-11-27
The USDJPY is making new session lows and in the process is moving below last Tuesday’s high and last Wednesday’s low. That level comes in at 148.59. Going forward getting and staying below that level will keep the sellers more in control.
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