USDCHF: Remains Vulnerable Despite Recovery - page 2
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Swiss franc retreated versus the U.S. dollar. FOMC minutes did not impact the market while the labor market data were stronger than expected.
In accordance with the protocol FOMC committee members see less positive from the continuation of the QE program; committee members believe that the program of asset purchases will be completed in 2014.
The pair reached a new high, and yet in no hurry to leave it up. The northern movement comes to "naught." the correction toward the clouds is expected, the first target is 0.9090, the second will be 0.9040.
Swiss franc retreated versus the U.S. dollar. FOMC minutes did not impact the market while the labor The Swiss franc strengthened versus the U.S. dollar. Last Friday unemployment report showed that the rate remained unchanged at 3.2% m/m.
The northern movement comes to "naught." the correction toward the cloud be continued. The pair may reach 0.8990. Should the pair break the Cloud down USD/CHF will return to the southern movement, the first target is 0.8950. If the pair bounces from the Cloud Up the targets are 0.9090 and 0.9130.
check out Forex Broker Rating and Reviews, Free Forex Signals - on GuruTrade - they've got tons of analytics from different brokers!
The Swiss franc continued to retreat versus the dollar after the SNB head Jordan announced that CHF was still high there was no reason to cancel the exchange rate limit. Moreover according to Jordan an objective of maintaining price stability will not raise interest rates in the foreseeable future.
USD/CHF is correcting after reaching the resistance at 0.9060. The support is at 0.8980, the next support is in the area 0.8930/20.
The pair continued its growth, having reached the resistance 0.9090. This level managed still well with its role and does not let the U.S. currency to go higher. But it is obvious that “bulls” intend to retreat, therefore risks of the level breakout remain. The dollar can grow to the area 0.9205–0.9225. A drop below 0.8983 will weaken the position of bulls and it will open the road to the level 0.8905.
There's a lot of fresh analytics here: Forex Broker Rating and Reviews, Free Forex Signals - on GuruTrade
Although the economic data has been positive, but the dollar index began to decline after a day of growth.
Particular attention deserves Initial Jobless Claims, which rose by only 1,000 to 326,000 during the last week. Analysts predicted 330,000.
The pair has broken the support at the 91st figure and fell to the support at 0.8965. It is expected that the decrease will be continued. On breaking this support the price may fall to 0.8905.