Top Forex Brokers – Forex Weekly news and analysis For September 9 – 15, 2024

Top Forex Brokers – Forex Weekly news and analysis For September 9 – 15, 2024

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androidXAUUSD


XAUUSD formed an ascending channel pattern in the Daily timeframe. The price reached the critical resistance at 161.8 Fibonacci, testing the upper trend line. At the same time, a divergence was formed on RSI. 
•If Gold overcomes the resistance of 2525 by breaking the trend line, the target will be 2650, corresponding to 238.2 Fibonacci.
•A rebound from the trend line will drop XAUUSD to 2435.
androidUSDCHF


USDCHF fell to a critical support area in a long-term bearish trend. At the same time, DeMarker indicates oversold conditions. 
•If the bears push the price below 0.8400 support, the target will be 0.8240, corresponding to 161.8 Fibonacci;
•A rebound from support may take USDCHF back to 0.8570.
androidNZDUSD


NZDUSD has formed an inverted double-top pattern, and the price has reached critical resistance. However, the MACD indicator shows a potential decline as the histogram moves into the negative zone. 
•If the price breaks the resistance at 0.6260, it is likely to start rising to 0.6350;
•If the price breaks the resistance at 0.6260, it is likely to start rising to 0.6350;

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