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10 Apr 2015

USD/CHF retreats from 3-week highs

FXStreet (Córdoba) - USD/CHF rose earlier to 0.9836, hitting the strongest level since March 20 and then pulled back. The decline from the highs found support at 0.9480 and currently is trading at 0.9490.

USD/CHF hold a bullish tone

The pair is rising for the fifth day in a row and is up more than 3% since last Friday. Short term technical reading show overbought conditions but the hourly chart shows the pair above an uptrend line, that at the moment stands at 0.9740/50.

Technical levels

To the upside resistance levels might lie at 0.9815, 0.9840 and 0.9870 (Mar 9 high). On the opposite direction support could be located at 0.9780 (American session low), 0.9745 (daily low) and 0.9690.
Apr 10, 2015

Risks ahead next week; USD needs catalyst - Scotiabank

Camila Sutton, chief currency strategist at Scotiabank noted the risks ahead next week.
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Apr 10, 2015

EUR/JPY taking a rest bite of the downside

EUR/JPY is currently trading at 127.58 with a high of 128.78 and a low of 129.25.
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