Greg Michalowski

US 30 year fixed-rate mortgage averages 6.52% up from 6.48% last week

USDCHF buyers push toward the 0.8000 natural resistance and swing area up to 0.80178.

• The price of the USDCHF remains above the 100 hour MA at 0.7977. That is a close bias level for traders. Stay above is more bullish.

The GBPUSD sellers are pushing away from the 100 hour MA and look toward May/June low

• The May and June low for the GBPUSD came in at 1.33045. Move below that level opens the door for more seller control.

The EURUSD bearish bias remains in tact despite the ECB rate hike.

• What are the downside targets? What would tilt the bias back to the upside?

USDCAD moves to a new high going back to December 2025

• The price is also ticking above the 38.2% of the trading range since the 2024 high.