USDCHF: 0.9852
US$Chf has traded lower, to 0.9841, following the FOMC, and looks heavy heading into Thursday trade ahead of today’s SNB Meeting.
1 hour/4 hour indicators: Turning lower
Daily Indicators: Neutral
Weekly Indicators: Neutral
Preferred Strategy: Although the dailies are now neutral, the short term charts are pointing lower and a test of 0.9800/0.9790 could be on the cards, below which could see a run to 0.9775. Wait for the CB meetings and go with the flow.
| Resistance | Support | ||
| 0.9965 | (76.4% of 0.1137/0.9816) | 0.9841 | Session low |
| 0.9950 | Minor | 0.9835 | 100 WMA /5 Dec low |
| 0.9935 | 11 Dec high /12 Dec high | 0.9827 | (61.8% of 0.9742/0.9977) |
| 0.9895 | 200 HMA | 0.9800 | Minor |
| 0.9875 | Minor | 0.9790 | (76.4% of 0.9742/0.9977) |
Economic data highlights will include:
SNB Interest Rate Decision, Press Conference
All content on this website, www.fxcharts.com.au (FX Charts PL) is a personal view only and offers absolutely no guarantee as to the correctness or otherwise of that opinion. The content here is of a “general nature” only and does not constitute personal or investment advice. The FX Charts website is not an inducement to trade Foreign Exchange (FX). No liability whatsoever is accepted for any loss or damage that may result, directly or indirectly, from any , comment, opinion, information or omission, whether negligent or otherwise, within the FX Charts Website. The information and any opinion or outlook expressed in this commentary may be based on assumptions or market conditions and may be liable change at any time, without notice.
Recommended Content
Editors’ Picks
EUR/USD retreats below 1.0700 after US GDP data
EUR/USD came under modest bearish pressure and retreated below 1.0700. Although the US data showed that the economy grew at a softer pace than expected in Q1, strong inflation-related details provided a boost to the USD.
GBP/USD declines below 1.2500 as USD rebounds
GBP/USD declined below 1.2500 and erased the majority of its daily gains with the immediate reaction to the US GDP report. The US economy expanded at a softer pace than expected in Q1 but the price deflator jumped to 3.4% from 1.8%.
Gold drops below $2,320 as US yields shoot higher
Gold lost its traction and turned negative on the day below $2,320 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day above 4.7% after US GDP report, weighing on XAU/USD.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.