Commodity Prices

Gold •392 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,314.90	-60.00	-4.36%
WTI Crude •10 mins	69.33	-0.67	-0.96%
Gasoline •24 mins	2.250	-0.019	-0.85%
Ethanol •392 days	2.161	+0.000	+0.00%
Silver •392 days	30.82	+1.16	+3.92%

Silver • 392 days	30.82	+1.16	+3.92%
Copper • 392 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	72.63	-0.61	-0.83%
Natural Gas • 10 mins	2.996	-0.049	-1.61%
Heating Oil • 12 mins	2.406	-0.012	-0.50%

Headlines

777 days Will The ECB Continue To Hike Rates?
777 days Forbes: Aramco Remains Largest Company In The Middle East
779 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,179 days Could Crypto Overtake Traditional Investment?
1,184 days Americans Still Quitting Jobs At Record Pace
1,186 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,189 days Is The Dollar Too Strong?
1,189 days Big Tech Disappoints Investors on Earnings Calls
1,190 days Fear And Celebration On Twitter as Musk Takes The Reins
1,192 days China Is Quietly Trying To Distance Itself From Russia
1,192 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,196 days Crypto Investors Won Big In 2021
1,196 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,197 days Food Prices Are Skyrocketing As Putin’s War Persists
1,199 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,200 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,203 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,204 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,204 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,206 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CHF - The Resistance at 1.0900 Has Been Broken

By - Jul 27, 2016, 6:34 AM CDT

USD/CHF continues to post higher lows, indicating a persistent short-term buying interest. However, given the resistance area between 0.9949 and 1.0328, the upside potential seems limited. Hourly support at 0.9910 (intraday low) and 0.9764 (14/07/2016 high).

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours a long term bullish bias since last December.

Daily Technical Report