27 Nov 2015
USD/CHF bounces off lows, back to 1.0230
FXStreet (Edinburgh) - Renewed weakness around the greenback has dragged USD/CHF to test daily lows in the vicinity of 1.0220, albeit the down move was short-lived.
USD/CHF off 2015 highs
After hitting fresh 2015 highs near above 1.0250 on Wednesday, the pair sparked a correction lower in response to a profit-taking sentiment weighing on the US dollar.
With US markets half-closed today, risk themes will continue to dominate the pair’s price action, all against the backdrop of solid probabilities of a Fed’s lift-off in December.
USD/CHF significant levels
At the moment the pair is losing 0.06% at 1.0230 facing the next support at 1.0110 (low Nov.20) followed by 0.9987 (low Nov.13) and then 0.9844 (55-day sma). On the other hand, a breakout of 1.0260 (2015 high Nov.25) would expose 1.0300 (psychological level).
USD/CHF off 2015 highs
After hitting fresh 2015 highs near above 1.0250 on Wednesday, the pair sparked a correction lower in response to a profit-taking sentiment weighing on the US dollar.
With US markets half-closed today, risk themes will continue to dominate the pair’s price action, all against the backdrop of solid probabilities of a Fed’s lift-off in December.
USD/CHF significant levels
At the moment the pair is losing 0.06% at 1.0230 facing the next support at 1.0110 (low Nov.20) followed by 0.9987 (low Nov.13) and then 0.9844 (55-day sma). On the other hand, a breakout of 1.0260 (2015 high Nov.25) would expose 1.0300 (psychological level).