USDCHF: The USDCHF has retraced most of the gains made from Mid-June to July 10th, the 0.9240 level is holding as support currently and a break below would target .9175 next, followed by .9146. Alternatively a move above 0.9320 would target next 0.9388 initially, followed by 0.9420. Recent price action was minor in the pair and a break of 0.9240 or 0.9320 would initiate the next move in the pair.
USDJPY: The USDJPY continues to trade lower and is posting new weekly and monthly lows. The Pair is currently trading near the 61.8 fib level, while current levels at 96.80 could offer some support to the pair. Basing below current levels would target next 96.55 initially, followed by 95.74. Bias is to downside as long as we are below the 98.54; a move above this level would relief recent downside sentiment.
SP500: The index coming off the all-time highs, while posting yesterday a bearish candle. A move below 1675 and sustaining below could accelerate downside pressure towards a deeper retracement, as daily and weekly indicators are at overbought extremes. Nearest supports are at 1675 initially, followed by 1666 and 1661. Resistance is at the all-time high 1709.6.
NZDUSD: The Kiwi dollar is currently trading at the 50.0 fib level of the latest decline, after gapping lower at the open of the trading week. The Kiwi found support at 0.7735 at early stages of the week, basing a weekly low as well and rallying higher towards current levels at 0.7900. Current levels could offer selling opportunities as long as we are below 0.7970, with targets at the weekly lows at 0.7735 initially, followed by 0.768, the yearly low and eventually breaking lower towards new yearly lows.