Technical Analysis: AUD/USD, USD/CHF

14 June, 2017

Technical Analysis: AUD/USD, USD/CHF

AUD/USD

The dollar strengthened yesterday against the Australian currency after the release of data on the changes of manufacturers price index in the USA. During trading, the price reached the level of 0.7528 and right now the pair is trading around the level of 0.7540. Today, investors are focusing on the FOMC’s decision on interest rates and if the level of interest rate increases as expected then this would have a positive effect on USD rate, too.

  • Support and resistance
  • Support levels: 0.7500, 0.7450, 0.7385, 0.7350, 0.7275.
  • Resistance levels: 0.7570, 0.7630, 0.7690, 0.7730.

USD/CHF

The Swiss franc is seen to be actively falling against the USD, even though the inflation and unemployment rate in Switzerland was better than expected.
Downward dynamics was preceded by a growth of CHF that continued for over a month: the pair USD/CHF broke through strong support with a correction movement likely to continue.

  • Support and resistance
  • Resistance levels: 0.9730, 0.9785, 0.9860, 0.9930.
  • Support levels: 0.9660, 0.9610, 0.9550.

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