7 Mar 2016
USD/CHF retraces most of its daily gains
USD/CHF retraced most of its intraday gains and fell back to the lower-side of Monday’s range as the greenback weakened across the board during the American session.
In the absence of first-tier data, investors have continued to digest Friday’s nonfarm payrolls numbers with the dollar underperforming versus major peers.
USD/CHF completed a round trip to parity and fell back to the 0.9935 zone before bouncing slightly amid comments from Fed’s Vice Chairman Fischer, who said that they are not so far away from inflation target.
USD/CHF technical levels
At time of writing, USD/CHF is trading at 0.9960, still 0.28% higher on the day. In terms of technical levels, next resistances are seen at 1.0037 (Feb 29 high), 1.0073 (Feb 4 high) and 1.1100 (psychological level). On the other hand, supports coul
In the absence of first-tier data, investors have continued to digest Friday’s nonfarm payrolls numbers with the dollar underperforming versus major peers.
USD/CHF completed a round trip to parity and fell back to the 0.9935 zone before bouncing slightly amid comments from Fed’s Vice Chairman Fischer, who said that they are not so far away from inflation target.
USD/CHF technical levels
At time of writing, USD/CHF is trading at 0.9960, still 0.28% higher on the day. In terms of technical levels, next resistances are seen at 1.0037 (Feb 29 high), 1.0073 (Feb 4 high) and 1.1100 (psychological level). On the other hand, supports coul