By Orbex
USDCHF sinks towards February’s low
The US dollar remains downbeat after Fed officials insisted that interest rates would stay low.
Buyers’ struggle to hold on to 0.8950, the origin of last week’s elusive rebound is an indication of a strong bearish bias. The psychological level of 0.9000 has capped the greenback’s advance after it turned into a resistance from a support previously.
An oversold RSI may prompt a brief bounce only to meet selling pressure ahead. February’s low at 0.8870 would be the next stop if the price falls below 0.8830.
AUDUSD holds above major support
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The Australian dollar climbs as risk sentiment makes a timid return. The price action has so far met bids in the demand area around 0.7700, which is also a key support on the daily chart.
The general direction remains bullish as long as buyers succeed in holding this level. 0.7810 is the hurdle ahead after a failed attempt to break out last week.
Renewed momentum could put 0.7890 within reach. On the downside, a drop below 0.7700 may send the Aussie towards 0.7600.
SPX 500 recovers towards peak
The US index inches up as Treasury yields make a retreat. The rebound has clawed back most of the previous losses.
The peak at 4245 may see strong selling interest as a combination of profit-taking and fresh selling. A repeatedly overbought RSI could weigh on the intraday price action.
4150 is the immediate support in case of a pullback.
On the upside, a bullish close above 4245 would resume the uptrend after two weeks of consolidation. Interest from momentum buyers could push the index to 4300.
By Orbex
- COT Metals Charts: Weekly Speculator Bets see small gains for Silver & Gold Jul 12, 2026
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 2-Year Bonds Jul 12, 2026
- COT Energy Charts: Weekly Speculator Changes led by Brent Oil Jul 12, 2026
- COT Soft Commodities Charts: Weekly Speculator Changes led by Sugar, Corn & Soybeans Jul 12, 2026
- The US and European stock indices are rising again amid renewed investor interest in the AI industry. Jul 10, 2026
- USD/JPY Falls as Yen Recovers Weekly Losses Jul 10, 2026
- Crude oil prices surged sharply by 7% in reaction to the rapid escalation of the conflict in the Middle East Jul 9, 2026
- Middle East Tensions Weigh on Gold Jul 9, 2026
- Pound Awaits Tighter Policy from Bank of England Jul 8, 2026
- The United States carried out airstrikes on Iran after Iran’s attacked tankers in the Strait of Hormuz. The RBNZ raised the interest rate to 2.5% Jul 8, 2026
