USD/CHF keeps highs near 0.9760

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The greenback is resuming its upside vs. its main rivals today, sending USD/CHF to the upper end of the daily range in the 0.9750/60 band.

    USD/CHF attention to Yellen

    The pair has retaken the positive territory after yesterday’s deep retracement to the 0.9720 area, backed by a solid performance of the greenback and ahead of the today’s key speech by Fed’s Head J.Yellen.

    Further releases in the US will see the S&P/Case-Shiller index and CB’s Consumer Confidence for the current month, followed by speeches by Dudley and Kaplan. IN the Swiss economy, the only release this week will be the KOF Indicator, expected tomorrow.

    USD/CHF key levels

    The pair is now up 0.11% at 0.9748 facing the next support at 0.9647 (2016 low Mar.17) ahead of 0.9473 (monthly low Oct.15 2015) and then 0.9251 (monthly low Aug.24 2015). On the other hand, a break above 0.9815 (20-day sma) would aim for 0.9820 (200-day sma) and finally 1.0098 (post-ECB high Mar.10).
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