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USD/CHF flirting with 1.0300

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - USD/CHF is meandering in a tight range at the beginning of the week, currently testing the boundaries of the 1.0300 mark.

    USD/CHF capped by 1.0320

    After reaching more than 4-year highs near 1.0340 on Friday, the pair has surrendered part of that spike and is now putting the psychological support at 1.0300 to the test following the now softer tone around the greenback.

    Ahead in the session, the dollar will take centre stage in light of US releases: Dallas Fed Manufacturing Business Index, Chicago PMI and Pending Home Sales

    USD/CHF significant levels

    At the moment the pair is losing 0.01% at 1.0291 facing the next support at 1.0200 (psychological level) ahead of 1.0110 (low Nov.20) and then 0.9987 (low Nov.13). On the other hand, a breakout of 1.0335 (2015 high Nov.27) would expose 1.0400 (psychological level).
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