All eyes are on price movements as the Swiss franc—now at its weakest—may continue to fall further
04.11.2025
- Australia: RBA Policy Rate and Statement Release
- Remarks by ECB President Lagarde
In the U.S. currency market the previous day, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 110.105 to 109.425.The price fell to near the 200-period SMA on the hourly chart. On the 4-hour chart, the price has broken below the 20-period MA, which had been acting as support, and on the daily chart, it has pulled back from the +2σ level of the Bollinger Bands. On the other hand, the monthly chart closed with a large bullish candle without a wick, so we should pay close attention to the strength or weakness of the Canadian dollar during U.S. trading hours.
Among European currencies, the Swiss franc weakened starting during European trading hours and hit its lowest level during U.S. trading hours. The CHF/JPY pair fell from 191.830 to 190.550. It broke below the 200-period SMA line—which had been acting as support—with a real-body candle.On the 4-hour chart, the RSI has fallen from 62 to 36, and on the daily chart, the pair is teetering on the brink of breaking below the 20-day moving average (MA) line that had been supporting the uptrend.
Today, at 12:30, the RBA will announce its policy rate and statement, along with its Quarterly Monetary Report; at 13:30, RBA Governor Block will hold a press conference; at 16:40, ECB President Lagarde will deliver remarks; at 16:45, France will release its budget balance;at 19:00, remarks by ECB President Lagarde; at 20:35, remarks by U.S. Federal Reserve Vice Chair Bowman; at 20:40, remarks by BOE Deputy Governor Breeden; at 24:00, U.S. JOLTS job openings and U.S. manufacturing orders;at 26:00, remarks by German Bundesbank President Nagel; and at 29:00, the release of the RBNZ Financial Stability Report. With the Swiss franc at its weakest, we will be watching price movements during European trading hours to see if it continues to fall further.
