Forex
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USDCHF – US Dollar Faces Tough Challenge Vs Swiss Franc
Key Points
- The US Dollar failed to break the 0.9765-70 resistance area against the Swiss Franc, and moved down.
- There are two bearish trend lines with resistances as 0.9738 and 0.9760 formed on the hourly chart of USDCHF.
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EURGBP – Euro Remains In Uptrend Vs British Pound
Key Points
- The Euro after trading close to the 0.8720 support against the British Pound started moving higher.
- There are two bullish trend lines with supports at 0.8800 and 0.8780 formed on the hourly chart of EURGBP.
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NZD: FX Indifference Helps NZD; What’s Next? – BTMU
BTMU FX Strategy Research notes that the RBNZ as expected kept rate unchanged at its monetary policy meeting and in its statement continued to express confidence in the economic growth outlook despite slightly weaker than expected Q1 real GDP growth.
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