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USD/CHF firmer, regains 1.0050

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The greenback is now gathering pace vs. the Swiss franc on Wednesday, with USD/CHF retaking the 1.0050/55 band so far.

    USD/CHF supported around 1.0030

    The pair is coming back after testing overnight lows in the 1.0030 area following some renewed softness around the US dollar, which remains well supported around the parity level nonetheless.

    With the US markets closed due to the Veterans Day holiday, the pair will look to the broad risk appetite trends for direction, against the backdrop of mounting expectations of a Fed’s lift-off in the next month.

    USD/CHF important levels

    At the moment the pair is losing 0.22% at 1.0042 facing the next support at 0.9946 (downtrend from 1.0131 prev. resistance now support) ahead of 0.9752 (55-day sma) and then 0.9659 (100-day sma). On the other hand, a break above 1.0131 (high Mar.12) would expose 1.0200 (psychological handle) and then 1.0241 (high Jan.14).
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