USD/CHF

February 05, 2019

USD/CHF: The Swiss franc tumbled to a 2-1/2 month trough as a modest recovery in investors’ risk appetite gave an overnight boost to U.S. yields. The major trades 0.4 percent up at 1.0014, having touched a high of 1.0020; it’s highest since November 16. On the higher side, near-term resistance is around 1.0048 November 2 High) and any break above will take the pair to next level till 1.0070 (November 8 High). The near-term support is around 0.9961 (January 22Low), and any close below that level will drag it till 0.9889 (December 7 Low).

USD/CHF H4 chart

 

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