OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF falls to 0.9425 support after Fed decision

FXstreet.com (Barcelona) - The USD/CHF has been on the wrong side of trading today, as investors’ optimism was seen permeating the sessions today, following yesterday’s risk-induced sentiment. Following the Fed decision in the United States, the pair has moved towards the 0.9423/25 level.

According to the ICN.com Technical Analyst team, “The USD/CHF dropped below its key support level of the upside move, though remained limited around it linear regression indicator 55. Therefore, we hold on to our positive expectations, however the pair should hold above 0.9495 levels for the negative signals on momentum indicators to be cancelled.”

In the United States, the Fed has decided to hold interest rates at 0.25%, which was precisely in line with expectations.

At this juncture the cross has incurred a loss of -0.53% below its opening level. Mataf.net analysts identify supports at 0.9435, down to the 0.9400 barrier, and finally 0.9368. Regarding a recovery, resistances will activate if the USD/CHF rises to 0.9502, onto of 0.9530, and 0.9569.

Forex: USD/JPY eases to 95.40/42 after Fed

The USD/JPY has been inching higher all day Wednesday, as risk appetite leading up the Fed has proven to be a boon for the pair. After operating positively for the entirety of the European session, cross fell off an intraday maximum of 95.73, moving to 95.40/42 following the recent update from the Fed. At the time of writing, the pair is securing an advance of +0.29% above its opening.
Read more Previous

Forex: EUR/USD sticks to 1.2950/60 on Fed decision

The single currency quickly climbed to the area of 1.2980 in the wake of the Fed’s interest rate decision - leaving rates unchanged at 0.25% - just to fall back to the area around 1.2945/55 at the moment...
Read more Next
Start livechat