USD/CHF to face 0.9890/0.9906

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The risks to global growth are tilted to the downside. There's still some support for the yen and dollar"
- Scotiabank (based on Bloomberg)

Pair's Outlook

USD/CHF is slowing down ahead of a considerable resistance zone at 0.9890/0.9906, but preserves potential to overcome it. Afterwards, the currency couple will be able to surge up to 1.0006/42 and confront it in order to win possibility to advance further towards 1.0212. Meanwhile, supports at 0.9692/57 and 0.9581/56 will guard lower levels.

Traders' Sentiment
Regardless of USD/CHF being overbought to a substantial extent (64%) in SWFX marketplace, the pair carries on trading higher from day to day, as traders refrain from closing long positions for now, anticipating additional gains. However, the rally may soon fade, given that the share of sell orders is 64% and the portion of buy orders is 36%.

© Dukascopy Bank SA
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Actual Topics

Fri, 13 Jul 2012 14:59:43 GMT

EUR/JPY under downward pressure, 95.60 in crosshairs

The shared European currency weakens against the Japanese national currency all attempts to recover are met with further decline. If the pair to continue trading in a bearish trend, 96.32 is likely to be the next target for bears. A breakout here would expose 95.60 (June 1 Low) and 95.11 (S2 Weekly), respectively.

Fri, 13 Jul 2012 07:43:05 GMT

USD/JPY targets 79.17/03

USD/JPY closed below 79.46/35 yesterday and is about to hit subsequent level at 79.17/03, penetration of which will expose 78.85. Since the currency pair is now more likely to focus on supports, extensive rallies might not appear until supports at 78.39 or even 78.08 are reached. In case they do occur, formidable resistances at 79.35/45 and 79.63/70 will stand in

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