Dollar Versus Loonie and Franc October 10th

FX Strategy Video > Currency Pairs Analysis

USD/CAD saw a fall over the last couple of days, just as we suggested could happen. The resulting pullback also gave us a bullish signal right where we had anticipated potential support - 1.03 or so. Now that we have this, it looks like the pair may go ahead and retest the crucial 1.0650 - 1.07 resistance level again.

USD/CHF continues to grind higher as the SNB is so actively warning people against bidding the value of the Franc higher. Because of this, the USD is considered to be the sole "safe haven" trade at the moment, and this pair continues to show it.

Published on 8th of October 2011
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