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Forex pairs in this Article » USD/CHF (Athens) – The USD/CHF is trending higher as EUR/USD is under pressure, hovering around 0.9218 close to its daily highs.

The USD/CHF is showing a bullish uptrend momentum since the early start of the Asian trading session, as the American dollar is well bid across the board. What’s more, while there are no key data releases scheduled for today, impetus is coming from elsewhere and being more precisely, from the 10-year Treasury yield which hit a 2-year high. All in all, market participants might attributed the uptrend movement of the cross to the solid greenback uptrend shift, which seems to have been a function of firming yield support for the benchmark currency.

Technical Aspects on the USD/CHF

The cross is showing an uptrend momentum but still hasn’t managed to trend near the 0.9340 level (61.8% Fibonacci retracement of the downwards movement of the 0.9455-0.8891 area). On the other hand, the pair is still far away from the 3-month resistance line at 0.9150 area and sitting well above the 0.9200 handle. Upwards, solid resistances can be found at the 0.9251 (7th November daily high) followed by 0.9301 (16th September daily high), while downwards the crucial supports can be found at 0.9192 (daily low as of 11th November), 0.9154 (daily low as of 8th November low).
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