OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF leaves the shadow of 0.9650 and jumps to 0.9660

FXStreet (San Francisco) - The US dollar trades just at the 0.9650 level against the Swiss Franc after being rejected in its 15-month highs at 0.9690 and sent back to 0.9635.

After a period of consolidation in the shadow of 0.9650, there is a slightly positive reaction following the US manufacturing data that leaves the pair testing 0.9650 to the upside.

US Manufacturing PMI declined to 55.9 in October, revised down from its 1st estimate of 56.2. Third decline in line. However, US ISM manufacturing index recovered September's drop and rose to 59 in October; better than expected.

Currently, USD/CHF is trading at 0.9657, up 0.33% on the day, having posted a daily high at 0.9694 and low at 0.9635. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.

USD/CHF levels

With a successful break above 0.9650, the USD/JPY will find next resistances at 0.9660 and 0.9690. To the downside, supports are at 0.9635, 0.9610 and 0.9580.

USD/JPY hits multi-year high of 113.87 - FXStreet

FXStreet Chief Analyst Valeria Bednarik points out that USD/JPY has been advancing on Monday, rising from the 112.57 opening level to 113.87.
Read more Previous

October US ISM Manufacturing PMI beats expectations - ING

Carsten Brzeski from ING comments on the US ISM Manufacturing PMI survey released today and showing an increase to 59.0 against forecasts of a drop to 56.2.
Read more Next
Start livechat