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Forex pairs in this Article » USD/CHF (Barcelona) - Having dipped into the Asia open, USD/CHF mildly ranged into the European session, despite a China led spike in volatility before climbing to 0.9131 following the German ZEW Survey results.

USD/CHF stabilises after PBoC Yuan intervention headline, climbs on ZEW

As with EUR/USD, USD/CHF had a mild burst of volatility on the news that the PBoC would stop intervening in the yuan market, but swiftly stabilised. Calendar wise, the German ZEW Economic Sentiment Survey (Nov) has registered at 54.6, up on forecasts, which due to the negative correlations between EUR/USD and USD/CHF has seen spot climb to approach its daily highs.

What are today’s key USD/CHF levels?

The central pivot point is located at 0.9130. Pivot supports for this pair are to be found at 0.9095 (S1), 0.9061 (S2) and 0.9026 (S3).Conversely, daily pivot resistances for this pair are to be found at 0.9164 (R1), 0.9199 (R2) and 0.9233 (R3). Special attention should be paid to the price range 0.9128-0.9094 where several technical levels are confluent today.
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