Sterling weakens broadly today on poor production data from UK. Industrial production dropped -0.4% mom, -1.5% yoy in January while manufacturing production dropped -0.9% mom and rose 0.2% yoy.

The fibonacci retracement 50% towards 1125 is currently acting as resistance. A break out of this level will offer a buy signal. We advise to enter long or to trade only long positions as far as the parity is above the last lowest at 1108. However, as far as the price is below 1125, a return on 110…

The parity AUD/USDnbsp; confirmed the break out of the resistance at 0.91. The price is now going towards 0.92. We maintain to trade only long positions as far as the price is above 0.9050 (last lowest).

The parity EUR/CHF is currently testing a break out of the suppor towards 1.4625 However, the price is finding support on its fomer bearish slant (purple line). As far as the price is below 1.4636 (last highest), we will advise to trade only short positions.

The parity EUR/GBP is currently testing the break out of the resistance at 0.91. All indicators are bullish. We maintain to trade only long positions as far as the price is above 0.9050 (last lowest of march 9th). A break out of the highest of march 1st at 0.9150 will give a new buy signal.