USD/CHF weaker, drops to 1.0130

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The Swiss franc has recovered ground lost vs. the greenback today, sending USD/CHF to the area of session lows near 1.0130.

    USD/CHF lower on USD-selling

    The pair has surrendered the initial advance and is now trading in the negative territory for the second session in a row, challenging at the same time the recent support region around 1.0130, while the 1.0200 area keep capping the upside for the time being.

    Next on tap will be US Durable Goods Orders, Pending Home Sales and the weekly report on the US labour market.

    USD/CHF significant levels

    The pair is now losing 0.18% at 1.0132 with the next support at 1.0062 (20-day sma) ahead of 0.9995 (61.8% Fibo of 1.0335-0.9784) and finally 0.9912 (100-day sma). On the other hand, a breakout of 1.0206 (23.6% Fibo of 1.0335-0.9784 and high Jan.26) would open the door to 1.0260 (high Nov.26) and then 1.0335 (high Nov.26).
    For more information, read our latest forex news.

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