In today's Asian trading, the dollar is stable in tandem with the Swiss franc. The confidence of investors in raising the interest rates of the Federal Reserve System (FRS) in March strengthened after the January meeting. The Swiss franc has fallen in price: USD / CHF fell by 0.24% to 0.9330.
The dollar/franc continued its upward movement yesterday, as I expected, making a peak at 0.9453. Trade signals remain elevated, especially if the price is able to make a clear break above 0.9465 to test resistance 0.9535 - 0.9590 as part of the bullish scenario of the false breakthrough (below 0.9288). Support for the day we have at 0.9400, whose breakthrough will take the price to a neutral zone with testing at 0.9375/50. I remain neutral.
On Friday, the US dollar moved to growth against other major currencies after the US Congress voted for an agreement on the parameters of the federal budget for the next two years, ending a short suspension of the government. The Swiss franc changed insignificantly: the pair USD/CHF was traded around 0.9365.
The US dollar recorded a positive session against the Swiss franc on Friday. The currency pair opened at 0.9219 and the price managed to break the first resistance at 0.9250. Graphics continued to grow below moving averages, while the relative strength index remained neutral. The pair ended at 0.9276, and in case the price continued to rise, the dollar would head to the first resistance at 0.9450.
The dollar/franc was also indecisive yesterday. Expectations are neutral for now. The first resistance is seen at 0.9319 (yesterday's peak). A clear breakthrough and daily closure over it can lead to further upward pressure for testing 0.9375. Daily support is 0.9250. A clear breakthrough and daily closure below this level may cause downward pressure testing of support 0.9185 - 0.9150.
The dollar/franc was hesitant yesterday. Price made an attempt to decrease, reaching bottom at 0.9324, but closed higher at 0.9378. Expectations are neutral, probably with light bullish signals in the near future. The pair is still caught in the range between 0.9465 - 0.9250 and a clear breakthrough is needed for a clearer direction. The best trading plan in this situation, I think, is to sell around 0.9465 or to buy in the 0.9250 area with tight stops. I'm basically neutral.
The euro recorded a second consecutive loss against the dollar on Wednesday. The European currency continued the negative trend, but the break-up of support at 1.2165 was postponed. If the bearish sentiment is preserved, it will be overcome soon. The session started at 1.2232 and the final was 39 pips down. The bottom of the day was hit at 1.2187.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.