The US Dollar Index appreciates on the event of sell of seen in the equity bourses across the world. The Dollar Index is heading towards the support of 73.40-74.00 ranges; historic correlation between the Dollar Index (DX)...
The plummeting value of the USD was offset yesterday after the Fed announced Tuesday that it would hold interest rates near zero for the next two years. So far, this adjustment by the Fed has been enough...
Greetings. Let’s take a look at the USD/CHF. The bottom we saw earlier this week may hold for a retracement to the upside. It may come up to test the trend line on the charts.
After a very impressive decline which lead the pair below parity, the pair is consolidating above its parity level.
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).
It is always the same with the USD/CHF which remains under pressure given the strong bearish trend.
The pair is now back under pressure threatening its yearly low at 76,40. A break below this level would expose further significant decline.
The pair finally broke below 1,62 yesterday to reach 1,6110 near the daily 200 moving average. Considering this breakout, the pressure is now on the downside.
The pair continues to move without a clear directional bias for a few weeks now and it is difficult to build any strategy for the time being.
Market Review – 10/08/2011 21:21 GMT Euro tumbles on concerns over French credit rating and bank woes The single currency tanked against most of its counterparts on Wednesday as investors were worried about a possible downgrade of...
