USD/JPY: Live Coverage Trade Update
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
CAD/CHF has slumped
Information is not investment advice
The CAD has fallen versus the most major currencies after the Bank of Canada said that it considered an insurance rate cut. Have a look at the chart of CAD/CHF: the pair is testing daily moving averages. A close below 0.7490 on Friday will result in a bearish “engulfing” candlestick and open the way down to the 2018-2019 support line in the 0.7315/00 area. The decline below 0.7470 may trigger the slide to 0.7450 and 0.7430. Below 0.7400, another swing down towards 0.7300 will start. On the upside, a return above 0.75 (200-day MA) is needed to open the way up to 0.7570 and higher.
Elizabeth Belugina
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