OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF erases losses to trade flat

FXstreet.com (Córdoba) - After falling to retest lows at the 0.9590 area, the USD/CHF managed to recover ground, and climbed to the 0.9620 zone, erasing daily losses.

However, amid low volume due to the UK and the US holidays, the pair has been unable to gather enough momentum to define a stronger movement and settled in a tight range above 0.9600. At time of writing, USD/CHF is trading around 0.9620/25, where it is little changed on the day, having hit a high of 0.9634.

In terms of technical levels, the Mataf.net team locates next supports at 0.9595, 0.9550 and 0.9520, while they see resistances at 0.9640, 0.9720 and 0.9770.

Flash: The Chinese migration dividend is weakening - Nomura

Nomura economists Zhiwei Zhang and Wendy Chen believe that the weakening Chinese migration dividend suggests slower potential growth and higher inflation ahead.
Read more Previous

Flash: There was a large disconnect among the equity markets open today - BBH

Brown Brothers Harriman analysts note that European equity markets are mostly higher on the day but there was a large disconnect between markets at the open this morning.
Read more Next
Start livechat