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20 Aug 2015
USD/CHF falls for the third day in a row
FXStreet (Córdoba) - The Swiss franc is rising against the US dollar on Thursday, headed toward the highest close since late July. USD/CHF traded momentarily below 0.9600 after Wall Street and then bounced modestly to the upside.
USD/CHF up on a weak USD
Two days ago the pair was testing the 0.9800 handle but it failed to break higher and lost strength. Yesterday it was falling and accelerated after FOMC minutes. Today following a modest correction during the Asian session, resumed the decline. Currently it trades at 0.9610/15, 35 pips below yesterday’s closing price.
To the downside, support levels might lie at 0.9590, 0.9560 and 0.9530. On the opposite direction, resistance now could be located at 0.9635 and 0.9675 (daily high, August 12 low).
USD/CHF up on a weak USD
Two days ago the pair was testing the 0.9800 handle but it failed to break higher and lost strength. Yesterday it was falling and accelerated after FOMC minutes. Today following a modest correction during the Asian session, resumed the decline. Currently it trades at 0.9610/15, 35 pips below yesterday’s closing price.
To the downside, support levels might lie at 0.9590, 0.9560 and 0.9530. On the opposite direction, resistance now could be located at 0.9635 and 0.9675 (daily high, August 12 low).