The pair hasn't traded below this level since January 19th. If we can close below 6.2872 we may see further selling with no significant levels between here and the all time low of 6.27195. If support holds we look back to the 38.2% line.
Forex Trading: USD/CNH Re-testing Lows
Source: www.dailymarkets.com
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USD/CHF Mid-Day Outlook - Forex Trading, Currency Forecast, FX ...
USD/CHF recovers in early US session but after all it's still limited below 1.0224 minor resistance. Intraday bias remains mildly on the downside for the moment and fall from 1.0337 might extend further. But still, downside should be contained above 1.0032 support and bring rise resumption. Above...
HK shares buck the regional trend
The Hang Seng index is down around 0.8% as opposed to gains of about 1% over on the Nikkei. Equity markets are having little or no impact on the JPY crosses today with EUR/JPY chopping around in a tight 137.45/95...
I’m reducing my long USD/CHF position
I have been in the money on this trade for a total of about 11 minutes and that is starting to grate. EUR/CHF is grinding lower and everyone I know is either long or square EUR/CHF, which is a bit of a worry. With cable and AUD/USD showing no signs of backing off, I’m reducing this position...
Geithner to urge forex flexibility in China
Reuters WASHINGTON (Reuters) - US Treasury Secretary Timothy Geithner will discuss with top Chinese officials how to boost global economic growth as well as the ... See all stories on this...
Shuttle Discovery & Aboitiz Equity Ventures Lifted Off For Space
While Space Shuttle Discovery made its last voyage to to space just a couple of days ago, another launch occurred this morning in the...