Dollar Versus Franc and Aussie November 7th

FX Strategy Video > Currency Pairs Analysis

USD/CHF rose during the Friday session, but still faces the 0.9000 level as resistance. The pair has reversed in the attitude as the Dollar is now the sole "safe haven" currency and should continue to rise as headlines continue to be negative over time. The Swiss National Bank is also supporting this pair - so we don't sell it.

AUD/USD first fell on Friday, but the later day saw the formation of a hammer. This pair looks like it wants to hover between 1.03 and 1.05 and consolidate. The pair is very risk-sensitive, and it seems that this pair is waiting for news to break out.

Published on 4th of November 2011
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