USD/CHF bullish above 0.9630 – Commerzbank

According to Senior Technical Analyst at Commerzbank Axel Rudolph, the pair’s stance remains bullish while above 0.9630.

Key Quotes

“USD/CHF is on track to reach the May and July highs at .9952/56. Our upside target is parity”.

“We will retain our bullish forecast while no unexpected drop below Friday’s low at .9630 is seen”.

“Support below the next lower .9522 June low comes in at .9499/.9444, where the April and May lows were made”.

Aug 30, 2016

AUD/USD turns lower, hits fresh session low at 0.7555

A fresh bout of US Dollar buying interest seems to have emerged during early European session, with the AUD/USD pair erasing all of its tepid recovery

Fed: Odds of a September rate hike decrease - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that despite a barrage of recent “we are serious about hiking rates this time”