USD CHF continue moving high
11/24/2016 12:58:27 PM
In spite of a slight-withdrawal in the USD against its major peers, USD/CHF is seen settling new nine-month highs, as markets digest latest comments from SNB Chairman Jordan.
Currently, the USD/CHF pair controls 0.27% higher to trade near the highest levels since February this year, got at 1.0190. The bull remains in command, as broad based USD strength remains a key theme up to this Thursday, and now look to regain 1.0210 handle, as SNB Chairman Jordan’s jawboning tries provide extra legs to the rally in USD/CHF.
To the upside, the next persistence is placed at 1.0200 and above which it could expand gains to 1.0255 and 1.0310 next. To the downside, immediate support might be placed at 1.0130 and below that 1.0000 and from there to 0.9936.
Fundamental Analysis
Written by FxErvin
