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Technical Outlook:

Intraday bias in EUR/AUD remains neutral for the moment. We'd still expect strong support and price action holding support levels near term outlook stays bullish with an expectation of further rise. Price actions from 1.4931 are viewed as a consolidation pattern and see an upward bias. An upside breakout through 1.4953 is expected later with price action producing bullish two bar reversal and pair trading with break on trend line.

We can see the rebound on the pair stronger showing sign of medium term bullish movement to upward bias will target projection of 1.4926/1.5049 levels and a break here later test levels of 1.5099. Hence, we'd be expecting resumption of larger up trend from current levels resistance turned support levels. However, a break of support area 1.4931 will dampen our bullish perspective on the pair. Outlook remains bullish on the intraday day chart.

Pivot level at 1.4953

Support Level at 1.4931

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CHF/JPY Daily Outlook

Daily Pivots

Resistance level at 123.899

Pivot level at 123.572Support Level at 122.982, 122.693, 122.431

Technical Out look

Intraday bias in CHF/JPY remains bearish with 123.899 minor resistances intact, deeper decline is still expected for the pair as long as resistances holds the area, price action stays below resistances so far at this point with pair being rejected at this area now we view this as a correction. Thus, we’d expect resistance and intraday bias to remain bearish with break of 123.572 indicating near term bearish reversal has taken place and turn outlook to continue with downside bias and price action signalling bearish two bar rejection and currently below trend line
there is clear indication of trend reversal shifting the momentum. Current development suggest that the medium term downside are expected further low and focus shall be at 122.982 break here should make lower lows with 122.693 and later to 122.431 levels. However break of resistance level at 123.899 will dampen our bearish view on the pair and look to upward bias, Outlook remains bearish for intraday.