XAU USD, “Gold vs US Dollar”
At the H4 chart, we can see the divergence, which started after the XAU/USD pair had reached the retracement of 76.0% at 1328.41. In the short-term, the price may be corrected to the downside; the possible targets of this correction are the retracements of 23.6%, 38.2%, and 50.0% at 1308.52, 1297.84, and 1289.26 respectively.
At the H1 chart, the situation is similar and confirms the scenario described above.
USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is being corrected to the upside and has already reached the retracement of 38.2%. The next targets may be the retracements 50.0% and 61.8% and 0.9817 and 0.9844 respectively. If the price breaks the low at 0.9699, the instrument may reach 0.9656.
At the H1 chart, the situation is similar and confirms the scenario described above.
RoboForex Analytical Department