CATEGORY USD/CHF

USD/CHF retreats sharply from multi-year highs

FXStreet (Córdoba) – USD/CHF jumped at the beginning of the American session to 1.0260, hitting the highest level since September 2010. Afterwards it retreated sharply and dropped back below 1.0200.

Greenback lost strength across the board and trimmed gains; it still remains in positive territory against the euro and the yen.

USD/CHF: Will it hold above 1.0200?

The pair currently is hovering around 1.0200. It would be important if the pair manages to end the day above the mentioned area. If it holds above it could gain support for an extension of the bullish run. On the opposite direction if the pair ends today significantly below 1.0200, it could be a signal of a reversal, that would expose 1.0140 (Nov 24 & 25 low) and 1.0120 (Nov 19 & 20 low).

Despite moving away from the highs, USD/CHF is still up for the day and headed toward the strongest close in five years.

USD/CHF jumped at the beginning of the American session to 1.0260, hitting the highest level since September 2010. Afterwards it retreated sharply and dropped back below 1.0200.


(Market News Provided by FXstreet)

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USD/CHF hovers near 2 ½-month high ahead of FOMC statement

FXStreet (Córdoba) – As most pairs in the FX space, USD/CHF has entered a consolidative phase ahead as investors await the Federal Reserve monetary policy decision.

USD/CHF struck a fresh 2 ½-month high of 0.9873 earlier on the day, but failed to sustain gains and pulled back slightly before settling in a range over the last hours. At time of writing, the pair is trading at 0.9840, recording a % loss on the day.

Attention shifts now to the FOMC decision to be announced at 18:00 GMT. There is no press conference or updated projections scheduled so statement will be closely scrutinized for signs on whether the Fed remains on track to hike rates in December.

USD/CHF levels to watch

In terms of technical levels, next resistances are seen at 0.9889 (Aug 12 high), 0.9902 (Aug 11 high) and 0.9982 (Mar 19 high). On the flip side, supports could be faced at 0.9805 (Oct 27 low), 0.9755 (Oct 26 low) and 0.9721 (Oct 23 low/38.2% Fibo retracement of 0.9475-0.9873).

As most pairs in the FX space, USD/CHF has entered a consolidative phase ahead as investors await the Federal Reserve monetary policy decision.

(Market News Provided by FXstreet)

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USD/CHF testing September highs

FXStreet (Córdoba) – USD/CHF is rising for the fourth day in a row and currently is trading at 0.9814/18, slightly below September highs. The pair still holds a bullish tone and is standing at a key technical level.

USD/CHF and 0.9800

Today the pair peaked at 0.9838, hitting the strongest level since September 26 and then pulled back modestly. It found support at 0.9790, above the 20-hour MA, that become a relevant intraday support.

If the pair is able to post a daily close above 0.9800 it would be the highest close since August 15 and it could open the doors for further gains. On the upside, resistance might lie at 0.9845 (September high) and then attention would turn to October highs located around 0.9900.

USD/CHF still holds a bullish tone but if it is unable to hold above 0.9800 it could signal a possible short term top triggering a correction. Support levels might lie at 0.9800 (Oct 23 high), 0.9755 (daily low) and 0.9710.

USD/CHF is rising for the fourth day in a row and currently is trading at 0.9814/18, slightly below September highs. The pair still holds a bullish tone and is standing at a key technical level.


(Market News Provided by FXstreet)

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