Forex Technical Cross Pairs Analysis | September 20, 2024
In today’s forex market analysis, we will be looking at the technical cross pairs to help you make informed trading decisions.
EUR/JPY: The EUR/JPY pair is currently trading in a range between 130.00 and 132.00. The 50-day moving average is providing support at 130.50, while the 100-day moving average is acting as resistance at 131.50. Traders should look for a breakout above 132.00 for a potential uptrend.
GBP/CHF: The GBP/CHF pair has been trending downwards, with the 50-day moving average crossing below the 100-day moving average. The pair is currently testing support at 1.2000, and a break below this level could signal further downside towards 1.1900.
AUD/NZD: The AUD/NZD pair is showing a bullish bias, with the 50-day moving average crossing above the 100-day moving average. The pair is currently trading near 1.0800, and a breakout above this level could lead to a rally towards 1.0900.
Overall, it is important to pay attention to the technical levels and moving averages on these cross pairs to make informed trading decisions. Stay tuned for more updates on the forex market.