Monthly archive November, 2017

Key Points

• The US Dollar started a downside move from well above the 1.00 handle against the Swiss Franc.
• There is a major contracting triangle forming with support at 0.9980 on the hourly chart of USDCHF.
• Recently in the US, Read More →

Earlier this morning the Reserve Bank Of Australia left the Official Cash Rate unchanged at 1.5% and offered little new by way of its accompanying statement. Initially AUD saw some support after the statement however this soon fizzled out.

Key Points

• The British Pound after trading as low as 148.68 against the Japanese Yen, found support and started a recovery.
• There is a major contracting triangle forming with support at 149.80 on the hourly chart of GBPJPY.
• Recently in Read More →