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USD/CHF Bulls are losing momentum

USD/CHF sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further USD/CHF depreciation is there.

United Kingdom CBI Distributive Trades Survey - Realized (MoM) came in at 49, above forecasts (28) in September

United Kingdom CBI Distributive Trades Survey - Realized (MoM) came in at 49, above forecasts (28) in September
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AUD/JPY: Recovery loses steam, recedes to 83.50

The cross in the AUD/JPY stalled its recovery from multi-week lows on the upper-bound of 83 barrier as the European markets reverted to the red zone as the minor recovery fizzled out.
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