What’s going on with EURCHF?

Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 4.15% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 65 days move.

Where is EURCHF moving to?

A movement of 0.63% over 10 hours on EURCHF doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.

A final push possible on AUDJPY

AUDJPY is heading towards 83.3310 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.