OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF testing the 0.9300

FXstreet.com (Barcelona) - The USD/CHF is testing the 0.9300 level during European trading Monday, after recovering off a recent setback that saw the pair trading below the 0.9286 mark. At this juncture, the cross is firmly entrenched in positive territory, notching an advance of +0.34%.

According to Gareth Berry a Research Analyst at UBS points, there is a main support at 0.9230 – only a closing breach here would be a strong bearish development. Resistance is at 0.9340 ahead of 0.9375, though overall we remain neutral intraday on the USD/CHF.”

“The USD/CHF stabilized at 0.9295, which might cause an upside correction to retest around levels 0.9360. The overall bearish move is likely to extend whereas the Double Top Pattern targets aren’t achieved yet, therefore we will hold on to our overall negative expectations during this week, taking into consideration the abovementioned simple upside correction.” suggests the ICN.com analyst team.

Forex Flash: Where's the low in gold? - Nomura

Nomura strategists Saeed Amen and Geoffrey Kendrick have taken a look at recent price action and ask, “Where´s the low in gold?”
Read more Previous

Forex Flash: Euro upside remains intact - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman believes that the Euro´s upside correction remains intact.
Read more Next
Start livechat