USD/CHF falters ahead of 1.0000

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - The greenback continues to trade mixed across, advancing against European currencies, with main exception of the sterling, but lower versus commodity currencies as risk aversion recedes.

    USD/CHF bounced off 2-week lows sub-0.99 scored at the weekly opening, and having gained more than 100 pips over the last hours, it reached a high of 0.9991. However, the dollar lost momentum ahead of the parity level and the pair settled in a range near highs during the last hours. At time of writing, the pair is trading at 0.9977, still up 0.36% on the day.

    USD/CHF technical levels

    As for technical levels, USD/CHF could find next resistances at 0.9991 (Jan 11 high), 1.1019 (100-hour SMA) and 1.0051 (Jan 8 high). On the flip side, supports are seen at 0.9879 (Jan 11 low), 0.9843 (100-day SMA) and 0.9785 (Dec 14 low).
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