USD/CHF now focuses on 0.9765 – Commerzbank

FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the likeliness that the pair could test the 0.9765 levels in the medium term.

Key Quotes

“USD/CHF has risen above the 61.8% Fibonacci retracement at .9657 and is gunning for the 78.6% Fibonacci retracement at .9765”.

“Dips should find initial support at circa .9551/40, the 200 and 55 day ma, ahead of .9467 (50% retracement of the recent rally). This guards the .9275/60 3 month support line and recent low”.

“The .9643 resistance line guards .9800 then the .9903 recent high”.

Sep 1, 2015

GBP/USD muted around 1.5345, awaits fresh incentives

The GBP bulls seem to be having a tough time during the European afternoon, with GBP/USD fading a spike to 1.5370 and now trading modestly flat as markets await fresh updates from the upcoming US session.

Is the time right to buy USD and GBP? - Rabobank

Fxstreet (Delhi) – Jane Foley, Senior Currency Strategist at Rabobank notes that the fact that the Fed and the BoE are still expected to start normalising policy at a time when the ECB is likely to be aggressively engaged in monetary easing should still lend both the USD and the GBP support vs. the EUR into 2016. While both the US and UK economies will be exposed to headwinds stemming from slow growth in emerging markets and in the Eurozone, both still remain relatively well positioned in terms of domestic growth.