OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/CHF testing session lows

FXstreet.com (Barcelona) - The Swiss franc is gaining ground against the European currency on Friday, pushing the cross to the boundaries of the key support at 1.2300

Economic releases from the Alpine economy showed that February’s Producer and Import Prices rose 0.1% on a monthly basis and 0.1% over the last twelve months, vs. January’s -0.1% and +0.8%, respectively.

The CHF has been gradually appreciating since the SNB left intact its monetary policy in yesterday’s meeting, confirmed by the later press conference by President T.Jordan.

At the moment, the pair is retreating 0.03% at 1.2310 with the next support at 1.2294 (MA21d) ahead of 1.2277 (low Mar.6) and finally 1.2252 (low Mar.5).
On the flip side, a breakout of 1.2391 (high Mar.8) would open the door to 1.2405 (high Feb.4) en route to 1.2505 (high Feb.4).

Forex Flash: The coming dollar revival - Nomura

Nomura strategists note that after tumult of last week, with central bank meetings and payrolls, this week was relatively quiet. USD was mostly weaker in G10, but more mixed in EM. Equities were up.
Read more Previous

Forex Flash: AUD/USD up move is corrective only – Commerzbank

The AUD/USD has to close above the 55 day ma at 1.0383 to extend its journey higher. “We suspect that the up move is corrective only and we note the TD perfected set up which suggests that the up move should be limited now”, wrote analyst Karen Jones, seeing scope for further strength to 1.0414, possibly the high from the end of January at 1.0475, where would again expect failure.
Read more Next
Start livechat