OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF challenges highs near 1.0030

FXStreet (Edinburgh) - The buying interest around the dollar remains on the rise today, now pushing USD/CHF to test daily highs near 1.0030.

USD/CHF attention to US data

Spot keeps recovering ground after bottoming out in the mid-0.9800s following the ECB decision last Thursday. Solid prints from November’s Payrolls in the US economy have opened further the door for a Fed’s lift-off next week, lifting the pair back above the parity level.

Next of relevance in the pair will be the Fed’s Labor Market Conditions Index followed by J.Bullard’s speech.

USD/CHF levels to watch

At the moment the pair is up 0.58% at 1.0028 facing the next hurdle at 1.0131 (high Mar.12) followed by 1.0241 (high Jan.14) and finally 1.0335 (2015 high Nov.27). On the flip side, a break below 0.9870 (low post-ECB Dec.3) would open the door to 0.9800 (100-day sma) and then 0.9654 (200-day sma).

Brent futures hit fresh 6-1/2 year low

Brent futures fell to a fresh 6-1/2 year low in the US session as OPEC’s reluctance to change its strategy opened doors for the oil bears to flex their muscles.
Read more Previous

USD/JPY remains capped by 123.50

USD/JPY has entered a consolidation phase on Monday as investors continue to assess the last nonfarm payrolls report and gear up for next week’s Fed policy meeting, when the FOMC is expected to vote for a rate hike for first time since 2006.
Read more Next
Start livechat