OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF finds support at 0.9355

FXstreet.com (San Francisco) - The US dollar is trading lower against the Swiss franc with the USD/CHF extending its decline from 0.9420 to break down the 0.9400 region and reach the 0.9355 as fresh intra-day low. But at this level, the pair has found support following the US income and spending data and the cross is trading back at 0.9370.

US personal income rose 0.2% in March; spending increased the same 0.2%.

Currently the USD/CHF is trading at 0.9370, 0.40% below opening price. The pair is strongly bearish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing lower while the Stochastic is neutral in the 15 minutes timeframe.

Below the 0.9350, next supports are at 0.9340 and 0.9290. On the upside, resistances are at 0.9400, 0.9420 and 0.9440.

US: PCE rose 1.0% YoY in March

The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.0% YoY in March and contracted 0.1% on a monthly basis vs. the median at...
Read more Previous

Forex: EUR/USD takes profits after German CPI

The EUR/USD climbed the chart to 1.3116 high for the release of the German CPI report, and following figures revealing wider monthly contraction than expected, profit taking began, and extended after US personal income and spending data. At the moment of writing, the market trades at the 1.3080 area, around where it was held during the European session.
Read more Next
Start livechat