Preview Mode

Search Directory
Search Directory
  • Add
    Company
Home
> Forex Brokers
> STO
> Technical Analysis 2017.08.22 – USD/CAD & USD/CHF Risk-off Boosts Havens
Disclaimer

Technical Analysis 2017.08.22 – USD/CAD & USD/CHF Risk-off Boosts Havens

STO

Disclaimer

USD/CAD
Current trend
Canada’s Wholesale Sales indicator was released, falling to 2016 lows. Even with this less than flattering data, CAD continued growing probably due to the inertia created by the boost of oil prices towards the end of last week.

Canadian Retail Sales scheduled today at 14:30 GMT+2, and it is speculated to be lower than its previous figure. The Economic Policy Symposium hosted at Jackson Hole is one of the most significant economic events this week – with Janet Yellen USA Fed Chair being of particular interest.

US Housing Price is slated to be released at 15:00 GMT+2 and at 16:00 GMT+2 the Richmond Fed Manufacturing Index is expected.

Support and resistance
USD/CAD Support levels: 1.2470, 1.2400, 1.2300.
USD/CAD Resistance levels: 1.2570, 1.2650, 1.2730.

USD/CHF
Current trend
USD/CHF trading strong at 0.9700 during all of last week. The behind the scenes of this dynamic reveals lack of data from the Switzerland’s central bank and the political volatility stateside and the conservative policy stance the Fed has taken recently. USD experience a small drop of its price when a joint US S Korean military exercise began, rekindling fears that a conflict might arise between the U.S. its regional allies and N. Korea. This cause the CHF to strengthen against the dollar.

Swiss trading balance is scheduled for 08:00 GMT+2today. The figure is expected to go up by 70 mln francs, that might pull the CHF up along with it, which would be a welcome change. Markets will be eager for any statements made during the summit at Jackson Hole on Thursday, Friday and Saturday.

A noteworthy calendar event today is the US housing prices index at 15:00 GMT+2 and also the US Industrial PMI by FRB Richmond 16:00 GMT+2.

Support and resistance
USD/CHF Support levels: 0.9640, 0.9550, 0.9490.
USD/CHF Resistance levels: 0.9700, 0.9780, 0.9850.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170822-usdcad-usdchf-risk-off-boosts-havens/?camp=24219
Disclaimer

Follow Us

Looking for a Service?

Looking for a Service?

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: Finance Magnates™ is not an investment advisor, Finance Magnates™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and Finance Magnates™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Finance Magnates™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Copyright © 2026 "Finance Magnates CY Ltd." All rights reserved.
For more information, read our Terms, Cookies and Privacy Notice Manage Cookies

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}