1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD/CHF slumps to 1.0130, focus on FOMC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Edinburgh) - The greenback is now losing ground across the board, dragging USD/CHF to fresh daily lows in the 1.0130 area.

    USD/CHF weaker on USD-selling

    The pair has lost upside momentum after reaching session peaks in the vicinity of 1.0180, quickly deflating to current levels in response to a sudden wave of selling interest hitting the greenback.

    Spot will remain under pressure in light of today’s US docket, with December’s New Home Sales (500K exp.) followed by the more significant FOMC meeting.

    USD/CHF significant levels

    The pair is now dropping 0.26% at 1.0143 and a breach of 1.0056 (20-day sma) would aim for 0.9995 (61.8% Fibo of 1.0335-0.9784) and finally 0.9908 (100-day sma). On the flip side, the next resistance lines up at 1.0206 (23.6% Fibo of 1.0335-0.9784) ahead of 1.0260 (high Nov.26) and then 1.0335 (high Nov.26).

    Trade Federal Reserve interest rate decision with FXStreet - Live Coverage

    Trade the US GDP with FXStreet - Live Coverage
    For more information, read our latest forex news.
     

Share This Page