DailyBubble News
DailyBubble News

Murrey math lines: USD/CHF, XAU/USD

The USD/CHF pair has recently broken below the 200-day Moving Average on the daily chart, suggesting a potential downtrend. However, the RSI indicator is in the overbought area, indicating a possible price rebound from the 5/8 level towards the resistance at 6/8. If the price breaks below the 5/8 level, it could signal further downside towards the support at 4/8.

On the M15 chart, a breakout above the VoltyChannel upper line could further support the price rise.

Turning to XAU/USD (Gold vs US Dollar), the pair is currently trading above the 200-day Moving Average on the daily chart, indicating an uptrend. The RSI has bounced off the support line, suggesting a potential move towards the 4/8 resistance level. A reversal from the 3/8 level could lead to a decline towards the 2/8 support level.

On the M15 chart, a breakout above the VoltyChannel upper line increases the likelihood of price growth.

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