(SPX 500) S&P hitting records
 

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The (SPX 500) S&P confirmed its bullish stance after a remarkable continuation after jumping past the 6500 level. 6650 is the next hurdle to reach and a key level to see if bulls progress as the RSI pushes into overbought territory. Any sign of a slowdown would first see 6450 tested, and then 6350 for a complete reversal to take shape at the previous swing low.
 

GBPUSD hits another high
 

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Cable’s bullish run continued as prices touched a multi-month high. The pair has been pushing higher after it broke above the dynamic resistance of 1.3550. From a daily chart perspective, the swing low of 1.3480 is a critical level to keep the uptrend momentum going, as its breach could open the door to a deeper pullback. A continuous overbought RSI suggests a slowdown is imminent, but buying interest could continue. A break above 1.3620 would be a confirmation, leading to a test of 1.3700.
 

USDCHF probes support
 

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The US dollar fell as traders began to price in the Fed’s first rate cut of the year. Another downturn from the recent bottom at 0.7910 suggests the dollar sell-off could continue. The bearish rally is also an opportunity for the greenback to probe for support. A turnaround first needs a 0.7980 break and would force early buyers to jump on board and send the pair to the last swing high towards 0.8100.

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