Forecast for USD/CAD and USD/CHF for June 06, 2014
June 6, 2014 6:40 amVideo
Latest News
- US stock markets rally but volatility plunges – Stock Markets May 29, 2024
- Video market update for May 29, 2024 May 29, 2024
- Market Comment – Dollar trades sideways as focus turns to US yields May 29, 2024
- Nasdaq hits 17,000 milestone as market swings continue May 29, 2024
- Forex forecast 05/29/2024: EUR/USD, EUR/JPY, GBP/JPY and Oil from Sebastian Seliga May 29, 2024
- USD/JPY: trading tips for beginners for European session on May 29 May 29, 2024
- GBP/USD: trading tips for beginners for European session on May 29 May 29, 2024
- Will core PCE inflation spur a less hawkish Fed? – Preview May 29, 2024
- EUR/USD: trading tips for beginners for European session on May 29 May 29, 2024
- Technical Analysis – NZDUSD pauses advance at 61.8% Fibonacci May 29, 2024
- EUR/USD and GBP/USD: Technical analysis on May 29 May 29, 2024
- Trading plan for GBP/USD on May 29. Simple tips for beginners May 29, 2024
- Trading plan for EUR/USD on May 29. Simple tips for beginners May 29, 2024
- Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Wednesday June 05, 2024. May 29, 2024
- Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 29, 2024. May 29, 2024
- Overview of GBP/USD on May 29. Pound continues to surge and break barriers May 29, 2024
- Overview of EUR/USD on May 29. Calm news and a stubborn euro May 29, 2024
- A chance for the kiwi. Overview of NZD/USD May 29, 2024
- Analysis of GBP/USD pair on May 28, 2024 May 28, 2024
- EUR/USD: What could stop the growth of the euro? A hypothesis May 28, 2024
USD/CAD
The pair paused its rally
at the 61.8 fib level and closed below the 50-day SMA. Today in Asia’s session
the pair opened on a bearish note. On the down side, the pair has support at
1.0917 and 1.0907 levels. On the upside, the pair has strong resistance levels at 1.0940 and 1.0960 levels. The “selling the rally” is the best strategy for next
2-3 sessions. Traders can enter shorts below 1.0917 with targets at 1.0907, 1.09, 1.0891 and 1.0885 levels.
USD/CHF
We have been recommending
to sell this pair with sl 0.90 levels on a closing basis. Yesterday, it made a high at 0.9037 levels and closed at the
lower levels. On the down side, the pair
has strong support at 0.8880, below that, 0.8870 and 0.8860 levels. Until the
pair closes above 0.90 levels, please hold shorts. For intraday basis, the pair has strong support
between 0.8906-0.8881 levels.
Again sell below 0.8880 for targets at 0.8870, 0.8860, and 0.8830 levels.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: