Forex: USD/CHF below 0.9400

FXstreet.com (Barcelona) - Capped at 0.9450 on the Asian session, the USDCHF found its way on the downside and fell remarkably below the 0.9400 psychological level. As the European morning kicks in, the pair continues to print new daily lows, now at 0.9381.

The greenback is lower as bonds and Gold rally today, with risk sentiment generally higher as the US elections come to an end and Obama ensures his victory. Now, the market will be eyeing the Greek Parliament decision on the austerity measures, while the country goes on a 48 hour strike.

The economic calendar will present the SNB Foreign Currency Reserves and the Swiss CPI for October. "A close above 0.9438 is favored and will imply that the market has based and initiate a deeper recovery to 0.9505 then 0.9594", wrote analyst Karen Jones, expecting that 0.9312 and 0.9215/0.9198 to contain the downside.