19 Jan 2016
USD/CHF turns negative around 1.0050
FXStreet (Edinburgh) - The Swiss franc has eroded its earlier losses vs. the greenback, dragging USD/CHF back to re-visit the vicinity of 1.0030.
USD/CHF finds support near the 55-day sma
The daily pullback from peaks near 1.0080 seems to have found some support in the 1.0030 neighbourhood, where currently sits the 55-day sma, all against a backdrop of increased demand for the safe have CHF.
Previously, Swiss Producer and Import Prices have come in short of expectations during December, whereas the NAHB index and TIC Flows are due later in the US docket.
USD/CHF significant levels
The pair is now losing 0.02% at 1.0047 and a breakdown of 1.0024 (55-day sma) would open the door to 0.9993 (20-day sma) and finally 0.9889 (100-day sma). On the other hand, the immediate up barrier lines up at 1.0125 (38.2% Fibo of 1.0335-0.9784) followed by 1.0206 (23.6% Fibo of 1.0335-0.9784) and then 1.0335 (high Nov.26).
USD/CHF finds support near the 55-day sma
The daily pullback from peaks near 1.0080 seems to have found some support in the 1.0030 neighbourhood, where currently sits the 55-day sma, all against a backdrop of increased demand for the safe have CHF.
Previously, Swiss Producer and Import Prices have come in short of expectations during December, whereas the NAHB index and TIC Flows are due later in the US docket.
USD/CHF significant levels
The pair is now losing 0.02% at 1.0047 and a breakdown of 1.0024 (55-day sma) would open the door to 0.9993 (20-day sma) and finally 0.9889 (100-day sma). On the other hand, the immediate up barrier lines up at 1.0125 (38.2% Fibo of 1.0335-0.9784) followed by 1.0206 (23.6% Fibo of 1.0335-0.9784) and then 1.0335 (high Nov.26).