USD/JPY trades at 159.359 after gaining 41 pips from Monday's open, with Tokyo inflation data and US GDP the key tests ahead.
USDCHF closed Wednesday at 0.78533, up 71 pips from Monday's open at 0.7823. The pair touched a weekly high of 0.78641 on Tuesday and found support at 0.78075 during Monday's session.
The dollar's advance against the Swiss franc accelerated after China's PBOC set a weaker yuan midpoint on Wednesday, well above market estimates. This weaker yuan fix supported broad dollar strength, pushing USDCHF through the 0.7850 resistance that capped Monday's trading.
The back half of this week looks remarkably quiet for USDCHF with no high-impact events scheduled for either currency. Without fresh catalysts Thursday or Friday, price action will likely consolidate around current levels unless unexpected headlines emerge. If risk sentiment deteriorates, the franc could reclaim 0.7850. If dollar momentum continues, 0.7870 becomes the next test.
Current sentiment shows 54.3% of LHFX traders long USDCHF versus 45.7% short. This modest long bias reflects the pair's steady grind higher through Tuesday, though the near-balanced split suggests traders remain cautious about chasing the move without clearer directional triggers.
The 0.7850 zone stands out as today's pivot after serving as resistance Monday and support during Wednesday's early hours. If USDCHF holds above this level through the European session, Tuesday's high at 0.78641 comes back into focus. A break below 0.7850 would target the weekly low at 0.78075. Trade USDCHF with LHFX's tight spreads and deep liquidity.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
EUR/USD sits at 1.16379 after grinding sideways for three days, with positioning nearly balanced at 51.6% long.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
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LHFX verskaf nie dienste aan burgers en inwoners van die Verenigde State of enige land waar sodanige verspreiding of gebruik strydig sou wees met plaaslike wet of regulasie nie.
RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.
