USDCAD and USDCHF
Updated
Hello traders, I send you another currency pair with the same trend, hope it will help everyone a little.
⚡️USDCAD⚡️
⚡️USD/CAD halts its downtrend, finding support at 1.3489, 0.14% higher.
If the pair sustains above 1.3489, it could target resistance levels at 1.3550, 1.3580 and the psychological mark of 1.3600.
A break below 1.3489 could signal bearish continuation, at 1.3463 and at 1.3413.
⚡️USDCHF⚡️
⚡️ USD/CHF extended the week's gains to five consecutive days and hit a new two-month high at 0.8977, however, it remained just shy of reclaiming the 0.9000 figure. However, the pair will resume its uptrend and challenge the 0.9039 level as buyers reclaim the 0.9000 level. At the time of writing, the major pair is trading at 0.8963 after hitting a daily low of 0.8944.
⚡️The daily chart depicts the pair's recovery after printing a new year-to-date (YTD) low of 0.8552. Since then, USD/CHF has posted a 4.50% gain as buyers stepped in and lifted the exchange rate to current levels. Although buyers have regained the 0.8774 level, they remain shy of continuing to take charge unless they reclaim the psychological 0.9000 figure, at 0.9039. Once those areas are cleared, the next test will be the May 31 high of 0.9147.
⚡️Wishing everyone a successful trading week⚡️
⚡️USDCAD⚡️
⚡️USD/CAD halts its downtrend, finding support at 1.3489, 0.14% higher.
If the pair sustains above 1.3489, it could target resistance levels at 1.3550, 1.3580 and the psychological mark of 1.3600.
A break below 1.3489 could signal bearish continuation, at 1.3463 and at 1.3413.
⚡️USDCHF⚡️
⚡️ USD/CHF extended the week's gains to five consecutive days and hit a new two-month high at 0.8977, however, it remained just shy of reclaiming the 0.9000 figure. However, the pair will resume its uptrend and challenge the 0.9039 level as buyers reclaim the 0.9000 level. At the time of writing, the major pair is trading at 0.8963 after hitting a daily low of 0.8944.
⚡️The daily chart depicts the pair's recovery after printing a new year-to-date (YTD) low of 0.8552. Since then, USD/CHF has posted a 4.50% gain as buyers stepped in and lifted the exchange rate to current levels. Although buyers have regained the 0.8774 level, they remain shy of continuing to take charge unless they reclaim the psychological 0.9000 figure, at 0.9039. Once those areas are cleared, the next test will be the May 31 high of 0.9147.
⚡️Wishing everyone a successful trading week⚡️
Note
Trade active
Trade active
Note
⚡️USD/CAD struggles to gain any meaningful traction and oscillates in a range on Monday.Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD slide.
Note
⚡️ USD/CHF loses ground near 0.8968, down 0.09% ahead of the key events.The market anticipates that the Federal Reserve (Fed) will keep interest rates unchanged at its September policy meeting.
Trade active
Note
⚡️The plan is still activeNote
⚡️Traders cautious ahead of FOMC meetingTrade active
Note
⚡️The plan is still activeNote
⚡️The Fed is widely expected to keep interest rates on hold at the conclusion of a two-day meeting later on Wednesday.Note
⚡️USD/CHF retraces the recent gains ahead of the policy decision by the Fed. SECO Economic Forecasts improved the growth rate in the current year but revised lower for the year 2024.Trade active
Note
⚡️USD/CAD gains traction around 1.3485 amid the renewed USD demand.The Federal Reserve (Fed) maintained interest rates and indicated a possible further hike before year-end.
Note
⚡️USD/CHF prolongs its recent upward trajectory and jumps to a fresh multi-month peak on ThursdayTrade active
Note
⚡️USD/CHF regains positive traction on Friday and trades just below a multi-month highTrade active
Note
⚡️At the end of week 38, everything was still according to planTrade active
Note
⚡️USD/CHF is on a bullish trajectory, ending the week with over 1% gains, Pair is eyeing the 0.9100 mark, with a breach potentially exposing the May 31 cycle high at 0.9147, following a rally to the March 16 daily high at 0.9340.Note
⚡️Rising oil prices are bolstering the CAD, but the USD has been finding market support.Trade active
Note
⚡️The USD/CHF differential continues to widen as the US Dollar gains strength and the Swiss Franc swoons.Note
⚡️Traders are still pricing in the likelihood of the Fed's policy rates to be higher for an extended period.Note
⚡️ USD/CAD posts modest gains amid the USD demand and a decline in oil prices.Trade closed: target reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.