XAUUSD breaks the barrier
Bullion moves higher as escalating global tensions drove traders to the safe haven. The precious metal is slowly grinding a layer of resistance levels between 2615 and 2625. The sell side has become more defensive but might not have had the last word. 2635 is a crucial obstacle, and its breach would expose a run-up to 2700. However, an initial drop below 2610 would reveal some profit-taking and a bearish RSI divergence could lead to a consolidation phase. 2600 is the closest support should this happen.
USDCHF bounces higher
The Swiss franc edged lower after losing ground to the greenback. On the chart, there is a sign that sentiment has improved despite a momentary spike towards 0.8400 that has shaken out the weaker hands. A close back above 0.8500 could have opened the door to the previous swing high at 0.8550 with 0.8610 as an intermediate target. 0.8440 at the base of the latest breakout is the first support.
US 30 tests supply zone
Indices moved higher after progressive signals from the Fed as they finally loosened their monetary policy. The price is capitalising on its bounce off 42000, suggesting that the market mood has turned upbeat again. The Bulls have brought bids right under the previous consolidation zone around 42100, and a successful breakout would put the Bears’ last stronghold at 43350 under pressure. 41600 at the base of the latest momentum is fresh support, with 41250 at a critical level to keep the rebound intact.