OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF holds above 0.9485 at the Friday's close

FXstreet.com (San Francisco) - The US dollar retraced from the 0.9500 area against the Swissy after the UK closing bell with th pair trading back to test the 0.9485 level where the pair has been trading almost unchanged in the latest few hours.

Currently the pair is, as said, at 0.9486, 0.08% below the Friday's opening. The USD/HCF is slightly bearish according to the FXstreet.com forex studies with indicators such as CCI and Momentun pointing south while the MACD and the Stochastic are neutral.

Below the 0.9485 level, the USD/CHF will face supports at 0.9465 (March 28 low) and 0.9430. On the upside, resistances are at 0.9500, 0.9510 (intra-day high) and 0.9555.

Forex Flash: MAS to release policy statement in mid April – ANZ

According to FX Strategist Khoon Goh at ANZ, “We expect the Monetary Authority of Singapore (MAS) to release its Monetary Policy Statement (MPS) on Friday 12 April.” The MAS is yet to confirm the date, but in accordance with past practice, we expect the MPS date to coincide with the release of the advanced GDP estimate.
Read more Previous

Session Recap: Resting day in Currencies; Majors on range

The USD traded sideways against its majors competitors as the Easter Friday brough a quiet session. The Positive note came with the personal income and spending and the Michigan Consumer Sentiment that showed better than expected data.
Read more Next
Start livechat