OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF rises above 0.9400

FXstreet.com (Córdoba) - The dollar rallied during the European session and rose to an over 2-week high above 0.9400 versus the franc, as the Swissy weakened given its strong correlation with the euro.

USD/CHF climbed over 80 pips from lows and pierced the 0.9400 mark to hit its highest since Apr 5 at 0.9412. At time of writing, the cross is trading around 0.9400/05, where it records a 0.6% gain on the day.

In terms of technical levels, if USD/CHF manages to extend gains above 0.9412, next resistances are seen at 0.9429 (61.8% retracement of 0.9567/0.9200) and 0.9496/0.9500 (Apr 6 high/psychological level). On the other hand, supports on dips could be faced at 0.9315 (10-day SMA), 0.9300 (psychological level) and 0.9275 (Apr 19 low).

Forex: EUR/CAD awaits NY opening at 1.3350 after 100-pip fall on Europe

The EUR/CAD may have a ride today as the Canada retail sales comes out at 12:30 GMT and BoC Governor Carney will make a speech. Also, the US economic calendar has plenty to affect the Loonie, with US Markit manufacturing PMI, Richmond Fed manufacturing, retail sales and Redbook Index. For now, the cross is down by -0.37%, held by the 1.3330/40 area after falling 100 pips on the European opening as Markit reported concerning PMI figures for Germany and investors are concerned with the disappointing China HSBC manufacturing PMI posted at 50.5 instead of the 51.5 consensus.
Read more Previous

Forex: EUR/CHF in highs around 1.2220

The Swiss franc continues to lose ground against the single currency on Tuesday, despite the risk-off tone is dominating the markets. The pair is now testing intraday highs in the vicinity of 1.2220, just below session tops at 1.2225....
Read more Next
Start livechat