
Please try another search
Looking at USD/CHF, we can see the uptrend extending into this week rising from the 0.988 level on the 12th of May to the 1.004 range on May 17 and reaching as high as 1.006 on the 17th.
It managed to consolidate in the 1.004 range for a couple of days, but near the end of the session on the May 17, it started retracting, falling to the 0.992 range where it managed to form support.
It was last found trading at the 0.994 level with support at 0.988 and overhead resistance at the 1.006 level.
Today we can expect a move close to 1, possibly in the 1.002 level, where it was formerly trading. However, if it doesn’t manage to keep to the consolidation level, then a move towards the 0.988 support level can be expected.
USDCAD started July’s trading on a positive note on Friday after halting its latest bearish correction around June’s support zone of 1.2863, and marginally above its 20- and 50-day...
Asian sessions are usually quiet on the forex market, with lower volatility and no strong, directional movements. The first day of July was different, though. The price moved, and...
A weekly update on US unemployment claims revealed weaker-than-expected data. The {initial jobless claims for the previous week were expected to contract from 229K to 218K. The...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.