OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF moving higher, eyeing 0.9500

Under a tight range during the Asian session after having its big break yesterday, by moving from lower 0.9400 zone to just below 0.9500, the USD/CHF went to test its lows at 0.9480 ahead of Switzerland unemployment data.

The unemployment rate remained unchanged at 3.1% in February. The pair is now back to the upside, working those highs and trying to reach the 0.9500 mark. The ECB remains the key event of the day.

UBS analysts are bullish: "Yesterday's advance posted a new recovery high and is currently trading within striking distance of resistance at 0.9513", wrote analyst Gareth Berry, pointing to support at 0.9394.

Asian markets down, Nikkei rises despite unchanged BoJ

Japan's Nikkei Stock Average rose one more time, ahead of the BoJ monetary policy decision, but closed below the 12,000 key level. Still, with +0.30% gains on the day. The BoJ kept things unchanged, leaving the target rate at 0.1% and keeping its asset purchase program unchanged.
Read more Previous

France: Trade Balance EUR (Jan): €-5.9B vs €-5.4B (Dec)

Read more Next
Start livechat