GBPUSD is trending to the upside currently prior to the GBP Claimant Count Rate, which measures the number of people applying for unemployment benefits. Technically the pair has broken the immediate bearish structure, and the 4h chart RSI is mixed. We anticipate continued upside today.
AUDUSD is trending to the downside prior to the Fed's rate decision later today, which decides the interest rate in the USA. Technically the [air is holding a downtrend, and has given a retracement prior to the Fed decision, giving us a trade opportunity. The RSI has rejected above the 50% level.
USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.
USDCHF is trending to the upside prior to the USD Redbook Index data, which is a sales weighted measurement of over 9000+ retail stores. Technically the pair has pulled back into structure and fibonacci support at the 0.382% level and we anticipate a bounce from here into recent highs.
