Forex Analysis by Investing.com (Damian Nowiszewski) covering: USD/CHF, AUD/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Central bank decisions from the RBA, BOE, and SNB will dominate the forex market this week.With both pairs under bearish pressure, we will try and analyze the technical of each pair.The upcoming week presents a compelling opportunity for active traders, particularly in the forex market. Central bank decisions from the
Next in line is the Swiss National Bank, where we are set to learn the successor to the outgoing Chairman Thomas Jordan. Martin Schlegl, the current vice chairman and Jordan's longtime colleague, is the frontrunner for the position. The supply side continues to exert pressure on this support level. Should a breakthrough occur, it could pave the way for a decline towards the 0.8740 target.
If sellers manage to breach this level, attention should shift to the demand zone around 0.6480. This scenario is more likely if the Reserve Bank of Australia maintains its current interest rate stance and refrains from raising rates.
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