USD under pressure of CHF in Forex market
1/18/2018 3:42:59 PM
After posting a session high level of 0.9663, the USDCHF pair came under several selling pressure and removed part of preceding session's sturdy recovery gains.
At present trading around the 0.9632-40 area, a follow over decline has the possible to keep on pulling the pair back towards the 0.9613 handle.
On the positive aspect, constant move back above 0.9648-57 area might boost the pair even beyond the 0.9703 handle towards its next hurdle near the 0.9718-25 area.
FOREX market analysis by FxErvin.