USD CHF tries to improve
9/23/2016 9:48:33 AM
The USD/CHF pair expands its recovery from near 2 month lows and now re-tries 0.7300 handle, in spite of a slightly downbeat sentiment persevering in the markets.
Currently, the USD/CHF pair trades +0.18% higher at fresh session highs of 0.9705, heading for a test of Thursday’s high of 0.9750. USD/CHF is seen expanding the bounce from a fell to 0.9650 levels and regain 0.9700 handle, as the safe-haven CHF fails to profit from quiet trading activity on the Asian equities.
The spot pursue the broad recovery in the dollar against its six major currencies, and tries to recover a part of the Fed decision backed losses. The major will continue to get influenced by the USD moves among a deficiency of fresh fundamental triggers in the day ahead.
To the upside, the next persistence is placed at 0.9745 and above which it could extend gains to 0.9781. To the downside, immediate support might be placed at 0.9645 and below that 0.9630.