Dollar Versus Franc and Loonie September 2nd

FX Strategy Video > Currency Pairs Analysis

USD/CHF has broken hard to the downside over the last couple of sessions, and even failed at a downtrend line on the weekly chart. The support level between 0.79 and 0.80 has to be broken to the downside to get in a selling position in this pair. Buying isn't possible until we clear 0.83 on a daily close.

USD/CAD fell again on Thursday, but didn't manage to break the low on Wednesday's hammer. This shows that perhaps we are starting to see a supportive area in the neighborhood, and we are waiting until we see 0.97 give way in order to short. We don't buy until we get above the 1.0000 level.

Published on 1st of September 2011
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