USD CHF after Fed rate in Forex market
6/15/2017 10:46:00 AM
The USD/CHF pair stays reinforced at 0.9703 levels up to now, as the CHF profits from modest risk-aversion and held up USD buying across the board.
USD/CHF near term is correcting higher. The market has eroded the 18 day ma at 0.9707, and upside potential stays near term for gains to .9820/40. The market last week found some close support at 0.9616, the base of a 24 months channel and rebounded higher from here. The March low and 29th May high lie at 0.9811 and us doubtful that the market may struggle here.
FOREX market analysis by FxErvin.