OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF recovers from 0.9435 and tests 0.9475

After falling around 70 pips in the European session from 0.9505 to reach daily lows at 0.9435, the USD/CHF has been trading in recovery mode to test the 0.9475 resistance. Currently the pair is trading at 0.9470.

With 0.05% daily gains, the FXstreet.com trend index remains strongly bearish for the USD/CHF with the MACD, CCI and Momentum indicators pointing bearish while Stochastic and RSI are neutral in the 1-hour chart.

The USD/CHF would face resistances at 0.9475, 0.9500 and 0.9520. While supports come at 0.9465, 0.9435 and 0.9420.

Forex Flash: BoJ expected to ease more aggressively – Danske Bank

The Japanese yen is gaining ground against the US dollar on Tuesday, after the BoJ minutes showed that board members would favour further stimulus, adding to yesterday’s comments by BoJ members, in which...
Read more Next
Start livechat