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