Dollar Versus Franc and Pound October 24th

FX Strategy Video > Currency Pairs Analysis

USD/CHF fell on Friday, and looks decidedly weak at this point. However, the Swiss National Bank is working against the Franc's appreciation, so selling this pair is dangerous. We see 0.88 as the start of support, going all the way down to the 0.85 level.

GBP/USD has absolutely exploded against the USD on Friday, but faces a serious challenge in the form of 1.60 and the 50% retrace - all in one spot. Monday should be interesting, and any signs of weakness should be sold.

Published on 21st of October 2011
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