strong US dollar’s rally might bring buying interest beyond 1.0050-60 area.
USD/CHF dropped to monthly low, bears are eyeing 0.99 level.
today to a monthly low at 0.9848. The pair bounced and currently is trading at
0.9860 but the short-term outlook remains bearish given the indicators on the
four hour time frame.
USD/CHF dropped to a fresh daily low at
0.9840 but marked a modest recovery before going into a consolidation phase around
0.9850. Immediate support is seen at 0.9830 and lower at 0.9800. On the upside,
resistances are located at 0.9910 and the psychological level at 1.0000.