OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF trims losses after Fed

FXstreet.com (Córdoba) - The US dollar strengthened against the franc after the Fed announced its decision to keep monetary policy unchanged, but it quickly retreated to pre-FOMC levels following the knee-jerk reaction.

USD/CHF spiked toward a session high of 0.9284 but failed to sustain gains and pulled back to the 0.9250 zone. At time of writing, USD/CHF is trading around 0.9270, down 0.2% on the day but off its daily low of 0.9246.

As for technical levels, next resistances are seen at 0.9284 (intraday level), 0.9300 (psychological level) and 0.9350 (21-day SMA). On the flip side, supports could be found at 0.9246 (daily low) and 0.9205 (low Apr 17).

Forex: GBP/USD pierced 1.5600 after Fed decision

The sterling is picking up pace after the FOMC statement on Wednesday, climbing to the vicinity of 1.5610 although retreating soon after to the current region of 1.5585/90...
Read more Previous

Forex: USD/CAD falls to test lows at 1.0050

The US Dollar is currently trading lower against its Canadian counterpart and after falling around 40 pips from 1.0090 the USD/CAD has tested lows since February 15 at 1.0050. Currently the pair is pricing at 1.0075.
Read more Next
Start livechat