ANALYSIS
NQ100 Finds Support from PPIApr 14
CADCHF Could Drop To a 3-Year Low
The pair gained selling momentum by placing below the 50-period weight moving average. In this direction, the pair give back its 2-week gains with the rising channel movement. While the relative strength index (RSI) reports that sellers still dominate pricing, it will be followed at the 0.6800 main support position below. The end of this may accelerate the last decline to the lowest price of 3 years with 0.6730 behind 0.6765. Above, the 0.6870 – 0.6900 line will be the strong resistance zone.
