OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF falls off highs to test 0.9600 barrier

FXstreet.com (Barcelona) - The USD/CHF waned off its session highs (0.9638) earlier during European trading Monday, in what figures to be a highly subdued session on accounts of holidays in the United States and United Kingdom.

In these moments however, the pair is incurring a loss of -0.12%, whilst settling in the region of 0.9607/08. Mataf.net technical analysts identify the next short-term supports for the USD/CHF at 0.9566, followed by 0.9516, and 0.9443. Conversely, the pair is set to face calculated resistance at 0.9689, then 0.9762, and ultimately 0.9812.

“The downside correction started as expected, whereas the USD/CHF was affected by the bearish harmonic Butterfly Pattern that might retest key resistance level of the descending channel that was breached before. Prolonged stability below 0.9610 might support this negative outlook, while stability below 0.9770 is significant to keeping our expectations.” notes the ICN.com Technical Analyst team.

Flash: Nikkei stabilises follow post Bernanke rout - OCBC Bank

OCBC Bank Treasury analysts note that the post-Bernanke market rout saw the Nikkei stabilizing (+0.89%) on Friday after a sharp 7.3% sell-off late Thursday, with the 10-year JGB bond yield testing the key 1% handle (for the first time since Apr 2012) before retreating to the current 0.83%.
Read more Previous

Flash: Continued selling of most currencies vs. USD - Nomura

Nomura strategists note that the continued theme for this week was selling of most currencies vs. the USD (except CAD), with the largest selling coming in EUR and AUD yet again.
Read more Next
Start livechat