OctaFX | OctaFX Forex Broker
Open trading account

Swissy in no hurry to strengthen

FXStreet (Moscow) - USD/CHF opened the day at 0.9675, and hardly moved during Asian hours, before retreating to 0.9658 in European morning.

Not much support for Swissy

The pair is following the broad-based corrective move post Non-Farm Payrolls gains. It refreshed 15-mont high on last Friday, thus, current retreat is quite logical. However, given the speed of the Swissy strengthening, another splash of demand on the pair is not ruled out. The reduction of safe-heaven demand due to de-escalation of conflict both in Europe and Asia left the Swiss currency without any stimulus. The next target to the downside may be found at 0.9630, where the pair may find buyers to recover.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9630 with support below at 0.9574, 0.9476 and 0.9420, with resistance above at 0.9728, 0.9784, and 0.9882. Hourly RSI is bullish at 71.

US wage growth still subdued – Danske Bank

Allan von Mehren, Chief Analyst at Danske Bank, assesses the recent US Payrolls results, focusing on the wage growth....
Read more Previous

UK IP expected to grow 0.2% m/m in August, raising the y/y rate to 2.8% - RBS

Ross Walker, Senior UK economist at RBS suggests that UK Industrial production numbers for August, due out on Tuesday, should come in at 0.2% m/m and at 2.8% y/y, which would point to a 0.75% q/q growth for the sector in Q3.
Read more Next
Start livechat