OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF door open to 0.9690? – Commerzbank

FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent price action could allow a test of 0.9690.

Key Quotes

USD/CHF has recovered off its 20 day ma, which lies at .9493 and the 2 month uptrend at .9477 today – this is encouraging and suggests a a retest of the recent high at .9690 (initial resistance is .9600)”.

“Only below the uptrend will allow for a deeper retracement to .9371 (38.2% retracement) and potentially the .9301/.9273 support (September low+ 50% retracement) and we are unable to rule this potential deeper correction out”.

“Beyond this, we continue to target .9840, the 2013 high, then .9966/72, the 2012 high and the 61.8% retracement”.

Oil prices extend the sell off – Danske Bank

The slump in oil prices remains intact, with Brent crude dropping to multi-year lows, noted Jens Pedersen, Senior Analyst at Danske Bank...
Read more Previous

US Ten-year yields near 15-month lows

The Ten-year treasury yields are trading near a 15-month low level hit on Friday. The yields are trading at 2.286, just a shy away from the 15-month low of 2.279 hit on Friday.
Read more Next
Start livechat