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Forex: USD/CHF capped at 0.9500 level

FXstreet.com (Barcelona) - The USD/CHF has made repeated attempts at overtaking the 0.9500 level Tuesday during American trading. Having peaked briefly at 0.9507 (intraday maximum), the cross is now trading within range of 0.9500 at 0.9489/90 in these moments, notching a marginal gain of +0.01%.

ICN.com analysts point to resistances at 0.9495, onto 0.9515, and finally 0.9570. Conversely, a movement below its opening and a subsequent move to the downside will result in USD/CHF testing calculated support at 0.9455, ahead of 0.9425, and 0.9400.

“The USD/CHF is trading close to key support of the ascending channel broken earlier; therefore we prefer to stay neutral today to see the pair around 0.9495 levels.” notes the ICN.com analyst team.

Forex Flash: AUD/JPY maintains 1-month target at 100.00 on BoJ – Westpac

Risks still seem firmly skewed to the downside in AUD/JPY multi-week though markets should at least wait to see what BoJ governor Kuroda will deliver at his first meeting. Indeed, “the 100 area is likely to remain difficult near-term while 97.00 provides support. Our one-month target however is 95-100, mostly driven by profit taking on long USD/JPY positions.” notes Sean Callow, a Global FX Strategist at Westpac.
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After dipping to fresh lows in sub 1.2830 levels, the single currency returned to today’s comfort zone in the vicinity of 1.2850/55...
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