USD CHF stays limited
11/18/2016 10:31:20 AM
The USD/CHF pair left several month highs, although stays in close area of 1.0100 handle as the dollar keeps on to rule the roost among improved hopes of a Dec Fed rate hike.
Currently, the USD/CHF pair trades +0.13% higher at 1.0085, unable to regain 1.0100 handle. The bulls keep on to guard 1.01 barrier, limited any bullish effort in USD/CHF back above the last, as the dollar expands its consolidative tendency into early Europe, wait for fresh inducements from the European session.
Though, the withdrawal in the major stays controlled among a risk-friendly market environment, which limits the demand for safe-haven CHF, keeping the sentiment around USD/CHF buoyed.
To the upside, the next persistence is placed at 1.0105 and above which it could expand gains to 1.0140 and 1.0200 next. To the downside, immediate support might be placed at 1.0050 and below that 1.0000 and from there to 0.9947.