With the recent strengthening of the US dollar, the other currencies are experiencing withdrawals as market participants are loading up on the Greenback. The Euro also suffers depreciation along with the Swiss franc and the Canadian dollar.
As to USD/CHF, if the level of 0.9762 fails to hold, the next bullish obstacle 0.9835. On the other hand, if bears continue to turn the tide, their first target would be 0.9645, second 0.9560 and third target is the major support level at 0.9438.
No major news are expected today except the US GDP which rarely has major impact on the market.
Chart: USD/CHF H4
It could be a good turning point.
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ReplyDeleteIt pulled back from 0.9760.
ReplyDeleteInteresting levels to be watchful of, thanks for the info.
ReplyDeleteVery informative article, thanks for sharing!
ReplyDeleteVery helpful article!
ReplyDeleteVery useful information! Thanks.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteThanks for the analysis.
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