Depressed USD/CHF falls below key SMA

USD/CHF has just crossed below its 200-hour SMA. The last such price-indicator cross has been registered at least over a week ago on this time frame, accentuating its significance.

Traders maintaining a downside bias, extend their projections to the 800-SMA, which corresponds to the 200-SMA on 4hr charts.

Dec 2, 2015

USD/CHF keeps falling despite Yellen

USD/CHF dropped further after the release of Janet Yellen’s speech and reached a 1-week low at 1.0212. The pair is falling for the third day in row as it continues to correct lower from multi-year highs at 1.0327. Currently it trades at 1.0220/25, down 0.45% for the day so far.

Strong dollar and tough resistance capping NZD/USD

NZD/USD has been a solid performer recovering from Nov lows, but the bird is running into tough resistance vs the descending trend line from October highs within the broader bearish and longer-term trend.