OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF, big loser in post-US data's Dollar dollar selloff

FXStreet (San Francisco) - With a 40-pip decline from 0.9515 to test lows since Oct. 22 at 0.9475, the USD/CHF became one of the biggest losers in the latest US dollar weak movement.

The pair is joining the weak dollar environment and its negative correlation with EUR/USD and the unique currency's recent climb to 1.2720. Currently, USD/CHF is trading at 0.9489, down 0.32% on the day, having posted a daily high at 0.9523 and low at 0.9477.

USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/CHF levels

With a break below the 0.9475, the USD/CHF will face next supports at 0.9445 and 0.9400. To the upside, resistances are at 0.9500, 0.9520 and 0.9530.

Brazilian President Dilma Rousseff reelection raises doubts about changes in macroeconomic policy - TD Securities

Blue Macellari, Senior LatAm Strategist at TD Securities comments on Brazilian President Dilma Rousseff's reelection over the weekend and its possible implications for Brazil's economy.
Read more Previous

ECB announces that it purchased EUR1.7bn of covered bonds last week

The European Central Bank showed that it is being aggressive in its plans to expand its balance sheet, revealing that it carried out EUR1.704bn of covered bond purchases last week.
Read more Next
Start livechat