USD/CHF

February 06, 2019

USD/CHF: The Swiss franc slumped, hovering towards a 2-1/2 month trough hit in the previous session, as the greenback consolidated at a 2-week high against a basket of currencies. The major trades 0.1 percent up at 1.0003, having touched a high of 1.0020 on Tuesday; 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 daily chart

 

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