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Canada saw some better than expected inflation data on Friday which were welcomed by USD/CAD sellers. The pair would have probably been trading much lower if it weren't for uncertainty regarding NAFTA, U.S. politics and Canadian housing market, all of which keep the Bank of Canada in cautious mode. 1.26 is the initial support and stronger one closer to 1.25.
al_dcdemo's Blog
USD/CHF in a sideways mode
USD/CHF started the week on a strong note but then gave back all the gains and is currently holding onto 0.9875 - 0.99 support area. A break below it would probably mean another shot at 0.98 - 0.985. Watch out for SNB Jordan's speech tomorrow. I wonder what would happen if he somehow forgets to mention that the franc is "still overvalued".
USD/CHF stabilizes near parity level
Volatility in USD/CHF has been dwindling during the past two weeks with the pair coiling around the parity level. Which way will it expand remains to be seen. Momentum favors the upside. SNB's Jordan speaks later today.