ATF Forex Trading – Page 3 – Forex Market Analysis

USD/CHF Analysis (October 09)

The pair continues to trade higher and confirms its bullish outlook with a main target at parity.

The pair continues to trade flat above the key 76,00 level.

The pair has bounced on top of the 1,53 level tested for the second time in 3 weeks.

The pair has found some support on top of the 1,3150 level in the beginning of the week, testing the 1,35 handle on friday.

The Aussie continues to loose ground in a context of risk aversion with a confirmed break below parity.

The pair has confirmed a strong bullish resumption with an acceleration towards 1,05 on friday.

The pair managed to establish above critical 0,90 level which confirms a bullish outlook.

The pair continues to consolidate on top of the key 76,00 level but we are starting to see the bounce building up.

The Cable has been consolidating all week, pulling back towards the 1,57 level.

The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.