OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CHF still holding above support 0.9549

FXstreet.com (London) - It had been a quiet day for the pair yesterday, and seems as though it has run out of steam, or at least for the mean time.

The Swissie is still holding onto territory above support 0.9549 and has been oscillating there and between the 0.9600 handle having taken a breather from its recent bull run up to a high of 0.9626 (200 week ma). A break above would offer a pathway to long-term resistance and much higher levels not seen since the summer 2011. Support remains slightly below where it is currently holding and next stop would be seen at 0.9500 the psychological handle and below there, the low May 10th at 0.99475. Next resistances are seen at 0.9625 (high May 10) and 0.9660 (high Aug 22)

Spain HICP (YoY) falls to 1.5% in Apr from 2.6% in Mar.

Read more Previous

Forex: EUR/GBP testing 0.8500 barrier

The EUR/GBP bounced nearly 10 pips off the 0.8487 level in recent minutes, pushing the pair higher into positive territory Tuesday. The cross is now testing the 0.8500 level in these moments, operating at +0.16% above its opening during European trading.
Read more Next
Start livechat