Forex Trading: US$ gaps up against CHF & JPY early Monday

by Joe Oliver, Forex Trading-Pips

Forex Trading: The US$ gapped up against the Swiss Frank and Japanese Yen early Monday morning after President Barack Obama said that U.S. lawmakers have reached agreement on raising the nation’s debt limit to avoid a default. Whether the gap gets filled and the selloff continues remains to be seen. USD.CHF has  closed half the gap as of 5AM EST. For now the trend in US$ remains down.

Forex Trading USD.CHF, 60 minute bars

Forex Trading USD.CHF, 60 minute bars

 

 

 

 

 

 

 

The collapse in US$ vs CHF has been relentless

Forex Trading USD.CHF, weekly trend is down

Forex Trading USD.CHF, weekly trend is down