OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF holds above 0.9265

FXstreet.com (Córdoba) - The USD/CHF bounced from daily lows at the beginning of the New York session as most crosses retrace their European session steps.

USD/CHF found support once again from the 0.9265 area where it set a 7-week low earlier on the day but the recovery has been shy and limited by the 0.9285 area. At time of writing, USD/CHF is trading around 0.9280, down 0.2% on the day.

In terms of technical levels, the Mataf.net team locates immediate resistances at 0.9310, 0.9335 and 0.9365, while they see next supports at 0.9260 and 0.9245.

Commodities Brief – Gold breaches 1400 level, trading below 200-week SMA, silver breaks below 24.00

The commodity bloodletting has continued seemingly unabated to start off the week, with gold and silver being the primary casualties. Indeed, the yellow metal fell briefly below the 1400 level, bottoming out near the 1395 mark during US trading Monday. With strong support at the 1400 level, gold will look to regain 1425, i.e. it’s 200-week SMA. The technical structure has turned extremely bearish, as the long term bullish trend is starting to be damaged and accordingly, rallies should be treated as new opportunities to short. In these moments the price of gold is trading at just USD $1414.79 per oz.
Read more Previous

Forex Flash: JGB´s are still volatile - Nomura

Nomura strategist Yujiro Goto notes that JGB´s are still volatile and may be playing a role in the recent halt of USD/JPY´s surge higher.
Read more Next
Start livechat