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USD/CHF clinches highs near 1.0150

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - USD/CHF has quickly surpassed the 1.0100 key barrier on Thursday backed by a rising buying interest around the greenback.

    USD/CHF in 1-month peaks

    Spot has managed to regain the critical 1.0100 handle and advance to multi-week highs near 1.0150 following the dovish tone from President M.Draghi at his press conference post-ECB meeting.

    Draghi sounded unexpectedly dovish today, emphasizing that risks in the region remain tilted to the downside, expressing at the same time concerns over the persistent weakness in crude oil prices and the current stagnant inflation levels.

    USD/CHF significant levels

    The pair is now advancing 0.75% at 1.0118 and a breakout of 1.0206 (23.6% Fibo of 1.0335-0.9784) would expose 1.0260 (high Nov.26) and then 1.0335 (high Nov.26). On the flip side, immediate support lines up at 0.9954 (low Jan.15) ahead of 0.9914 (76.4% Fibo of 1.0335-0.9784) and finally 0.9892 (100-day sma).
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