Trading News of USD CHF in Forex market
3/6/2017 3:29:18 PM
The regaining saw in USD/CHF in Asia ran into persistence just below 1.0107 barrier, now keeping the spot around 10-DMA at 1.0086.
At present, the USD/CHF pair trades +0.9% higher at 1.0083, trying hard to take on the recovery from 1.0077 area. Improved broad based USD buying lost steam last hour, pulling USD/CHF weaken in the early European trading.
To the advantage, the next persistence are seen near 1.0123 and 1.0147 and from there to 1.0186. To the downside, immediate support might be placed at 1.0060 and below that at 1.0033 and at 1.0005.
FOREX market analysis by FxErvin.