|Day's Range||0.974 - 0.978|
|52 Week Range||0.9189 - 1.0099|
The euro-Swiss franc pair is trading at a three-year high, eerily close to the floor the Swiss National Bank abandoned back in January 2015. Geopolitical tensions, which should ordinarily make a haven ...
Considering the EURUSD’s latest U-turn from two-month old descending trend-line, coupled with overbought RSI, the pair is more likely to revisit the immediate TL support, around 1.2340, breaking which 1.2300 and the 1.2260 can come alive on the chart. Should prices reverse from present levels and surpass the 1.2415 trend-line resistance, the 1.2445-50 horizontal-region could try limiting its recovery, if not, then 1.2470 and the 1.2500 round-figure might become buyers’ favorite.
This week should be important for the CAD. We do have an interest rate decision, statement, the CPI, and the Retail Sales data. Ahead of those events, CAD is very strong. USDCAD is going down for the past few weeks and it looks like this movement will continue. Currently, the price is creating the rectangle pattern, which promotes a breakout of its lower line and a further drop.
Investing.com - Traders will be keeping a close eye on geopolitical developments in the coming week amid heightened tensions between the U.S. and Russia in the wake of U.S.-led missile strikes on Syria and the latest round of U.S. sanctions on Russia.
Bank shares initially traded higher before falling. However, analysts said the strong results were already priced in.
Having failed to surpass the 0.9640-50 horizontal-area, the USDCHF seems coming back to nearly two-month old ascending trend-line, at 0.9560 now, breaking which 0.9530 & 0.9500 are likely following supports that can please the sellers. However, pair’s drop below 0.9500 opens the gate for its south-run towards 0.9420-15 support-zone. Alternatively, an upside break of 0.9650 may have to clear the 0.9665 resistance in order to aim for the 0.9700 round-figure while 0.96735 and the 0.9770 can entertain the Bulls then after.CHF/JPY
Having failed to sustain its pullback from 1.5890-95 horizontal-area, the EURAUD seems again coming down to re-test the same support-zone, breaking which the 1.5855 and the 1.5825 might not take too long to appear on the chart. Alike EURAUD, the GBPAUD also took a U-turn from near-term horizontal-region, the 1.8175-85 is the case here, but couldn’t rise much then after.
Investing.com - Investors will be closely watching trade related developments in the coming week after renewed jitters over trade tensions between the U.S. and China sent the dollar sliding on Friday.
The Swiss franc continues to be seen as a safe haven investment despite a recent depreciation but pressure on the currency is still there, Swiss National Bank governing board member Andrea Maechler said on Thursday. "The pressure on the Swiss franc is still there, the currency has devalued and the overvaluation has reduced, but the franc is still a safe haven," she told an event in Zurich. SNB alternate governing board member Dewet Moser said the central bank stood ready to take action if the franc started to rise again.
The U.S. dollar advances against its rivals and most notably currencies perceived as haven assets on Thursday, as worries about a potential trade war eased and traders analysts awaited data on jobless ...
USDCHF’s six-week old gradual up-moves might fade soon as not only 100-day SMA level of 0.9610 & the ascending trend-channel resistance, at 0.9645, are there to challenge the nearby upward bias but the 0.9655, comprising 200-day SMA, and 0.9660-65 horizontal-region also stand tall to play their roles. Even if the pair manages to surpass the 0.9665 mark on a daily closing basis, five-month old descending TL, at 0.9700, could offer another strong resistance for the buyers to tackle. As a result, pair’s pullback to 0.9570 and then to the 0. ...
The U.S. dollar rallied this week, putting the previous weekly loss decisively behind it, but that doesn’t mean fundamentals for the greenback have turned around.
Considering USDCHF’s latest U-turn from near 50-day SMA, the pair seems all set to challenge the 0.9565-70 area with 0.9535 being immediate resistance to tackle. In case if the pair manage to surpass the 0.9570 mark on a daily closing basis, the 0.9600 & the 0.9640 are likely following numbers to please the buyers ahead of questioning their strength by 200-day SMA level of 0.9660, adjacent to 0.9665-70 horizontal-line. Given the pair’s inability to sustain latest recovery, the 0.9455 and the 50-day SMA level of 0.9415 might entertain short-term sellers. ...
The U.S. dollar on Monday rises against the yen, rebounding from a 16-month low against the Japanese currency.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending March 20 on Friday.
Following its dip below 1.3010–1.3000 horizontal-region, the USDCAD recently broke seven-week long ascending trend-line that in-turn indicates brighter chances for the pair’s further downside to 1.2800 and then to the 1.2765-55 levels; however, oversold RSI is creating a doubt about the quote’s additional south-run, which if ignored by the Bears might not hesitate dragging the pair to the 1.2670 and the 1.2650 supports. Meanwhile, the 1.2900, the 1.2940 and the 1.2960 can offer immediate resistances to the pair during its pullback before highlighting the 1.3000–1.3010 area. ...
Investing.com - The U.S. dollar remained lower against other major currencies on Wednesday, as investors were cautious ahead of the Federal Reserve's monthly policy decision due later in the day.
Investing.com - The U.S. dollar moved higher against other major currencies on Tuesday, as investors awaited the Federal Reserve's monthly policy meeting due to begin later in the day.
While 1.2350-55 confined the EURUSD’s latest recovery, the 1.2290 seems coming back on the chart but an upward slanting trend-line, at 1.2265 now, may restrict the pair’s following downside. Should the quote drops beneath the 1.2265, the 1.2230 and the 1.2210-05 horizontal-line can become sellers’ favorite ahead of reigniting the importance of 1.2155 support-mark. In case if the Fed disappoints USD Bulls, the 1.2355 may offer immediate resistance to the pair before propelling it to the 1.2380 trend-line barrier, which if broken could further escalate the up-moves to 1.2410 and then to the 1. ...
Investing.com - The U.S. dollar held steady against other major currencies on Monday, as investors turned their attention to this week's Federal Reserve policy meeting.
The Euro has continued to face headwinds versus the U.S Dollar short term. While range trading may prevail today, this will vanish as the U.S Fed’s monetary policy decision draws closer on Wednesday.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending March 13 on Friday.
Investing.com - The U.S. dollar remained broadly lower against other major currencies on Friday, after the release of downbeat U.S. housing sector data and as U.S. political turmoil continued to weigh.
Investing.com - The U.S. dollar continued to fall against other major currencies on Friday, pulling further away from a one-week high as news of additional personnel changes at the White House sparked fresh concerns over U.S. political turmoil.
Investing.com - The U.S. dollar slipped lower against other major currencies on Friday, pulling away from a one-week high following news of potential personnel changes at the White House, sparking fresh concerns over U.S. political turmoil.