USDCHF: Has been consolidating around the 0.97 pivot zone [Video]
|On Monday, we had permanent FOMC voter and NY Fed President Bill Dudley who communicated confidence that the economic expansion still has a "long way to run." This boosted the major currency pairs with the USD/JPY pair approaching our pivot and the lower band of the daily Ichimoku cloud, at 111.80. In the UK, formal Brexit negotiations began in Brussels. Today at 7:30 AM GMT BOE's Carney speaks at Mansion House event in London, which could create some volatility in the GBP crosses. Later, SNB's Jordan Speaks in Bern at 8:45 AM GMT. USD/CHF has been consolidating around the 0.97 pivot zone which is an important level to keep an eye on during this risk event. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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