18 Nov 2013
USD/CHF led lower on dollar weakness
FXstreet.com (Barcelona) - USD/CHF is trading close to its intraday low of 0.9119, itself a low since November 7th, as risk appetite has seen USD weaken with the VIX at historic lows.
Risk Sentiment driving USD/CHF decline
With an empty European economic calendar, USD/CHF is being led lower by USD weakness, itself a component of improving risk sentiment. Matt Bacon-Hall of FXBeat notes that the VIX Index is at historic lows. USD/CHF is presently trading at 0.9126, down -0.25%, while EUR/USD its negative correlation is up 0.15%.
What are today’s key USD/CHF levels and patterns?
The central pivot point is located at 0.9157. Pivot supports for this pair are to be found at 0.9122 (S1), 0.9094 (S2) and 0.9059 (S3). Above daily pivot resistances for this pair are to be found at 0.9185 (R1), 0.9220 (R2) and 0.9248 (R3). Special attention should be paid to the price range 0.9127-0.9161 where several technical levels are confluent today. Candlestick patterns detected in the USD/CHF are: a Dark Cloud Cover to be found in the 1-day timeframe..
Risk Sentiment driving USD/CHF decline
With an empty European economic calendar, USD/CHF is being led lower by USD weakness, itself a component of improving risk sentiment. Matt Bacon-Hall of FXBeat notes that the VIX Index is at historic lows. USD/CHF is presently trading at 0.9126, down -0.25%, while EUR/USD its negative correlation is up 0.15%.
What are today’s key USD/CHF levels and patterns?
The central pivot point is located at 0.9157. Pivot supports for this pair are to be found at 0.9122 (S1), 0.9094 (S2) and 0.9059 (S3). Above daily pivot resistances for this pair are to be found at 0.9185 (R1), 0.9220 (R2) and 0.9248 (R3). Special attention should be paid to the price range 0.9127-0.9161 where several technical levels are confluent today. Candlestick patterns detected in the USD/CHF are: a Dark Cloud Cover to be found in the 1-day timeframe..