The Swiss franc (CHF)

USDCHF bounces back The CHF softened as the greenback moved over 100 pips to break the 0.8900 level. After a progressive rally for most of the past month, a sharp turnaround saw buyers step back into the frame. Bulls must clear the next…
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EURJPY bounces higher The euro remains choppy after the recent European elections caused a stir. On the chart, sentiment remains upbeat as the price grinds along the 20-day SMA. The single currency has consolidated gains after clearing…
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AUDUSD struggles to bounce The Australian dollar faltered after Q2’s CPI fell short of expectations. After hitting resistance and forming a double top at 0.6900, the pair has sought to secure a foothold. While some profit-taking has…
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USDCHF tests resistance The US dollar inched higher after Fed Chairman Jerome Powell commented that it was time to taper. A bearish MA cross on the daily chart weighs on overall sentiment. Nonetheless, the pair has found some buying…
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AUDUSD tests major supply zone The Australian dollar rallied after the RBA expected a return to growth in October’s meeting minutes. The pair has met stiff selling pressure in the supply zone (0.7460) from the September sell-off.…
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