Bearish flag holds as bulls eye 0.8150

The USD/CHF turns negative on the day, snapping a four-day winning streak, yet it remains above 0.8100, suggesting further upside is possible if buyers reclaim key resistance levels. At the time of writing, the pair trades at a 0.12% loss. USD/CHF Price Forecast: Technical Outlook The ‘bearish flag’ remains in play. Although the pair refreshed […]

The Dollar Index breaks on the fourth consecutive soft print

The Dollar Index took a payroll contraction on August 7, a cooler consumer price reading on August 12 and a flat producer price reading on August 13 without surrendering its range. Friday’s data finally did it. July retail sales contracted 0.6% against a consensus for a 0.1% gain, preliminary August consumer sentiment landed at 51 […]

Bears target the 200-day SMA

USD/CAD extends its decline farther below 1.4000 on Friday and heads for a third consecutive weekly loss. At the time of writing, the pair trades around 1.3877, at levels last seen in early July. The recent strength in the Canadian Dollar (CAD) is driven by broad US Dollar (USD) weakness and relatively stronger Canadian economic […]