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5 Feb 2015
USD/CHF returns from 0.9300
FXStreet (Edinburgh) - After climbing just above the 0.9300 handle, USD/CHF sparked a leg lower to the current area of 0.9250/45.
USD/CHF drops with the dollar
A cautious tone prevails in the US dollar ahead of tomorrow’s US Payrolls, now deflating to the mid-0.9200s vs. the Swiss franc, albeit keeping part of the daily gains. While the ECB-Greece front is taking fore and centre in the broader markets, traders also started to shift their attention to the US Payrolls for the month of January (234K exp.) due on Friday.
In the Alpine economy, Friday’s calendar includes the SNB’s Foreign Currency Reserves and Retail Sales during December.
USD/CHF key levels
As of writing the pair is advancing 0.30% at 0.9260 with the next hurdle at 0.9347 (high Feb.2) ahead of 0.9361 (low Oct.2014) and then 0.9400 (psychological level). On the flip side, a breakdown of 0.9187 (low Feb.3) would aim for 0.9170 (low Jan.30) and finally 0.9046 (low Jan.29).
USD/CHF drops with the dollar
A cautious tone prevails in the US dollar ahead of tomorrow’s US Payrolls, now deflating to the mid-0.9200s vs. the Swiss franc, albeit keeping part of the daily gains. While the ECB-Greece front is taking fore and centre in the broader markets, traders also started to shift their attention to the US Payrolls for the month of January (234K exp.) due on Friday.
In the Alpine economy, Friday’s calendar includes the SNB’s Foreign Currency Reserves and Retail Sales during December.
USD/CHF key levels
As of writing the pair is advancing 0.30% at 0.9260 with the next hurdle at 0.9347 (high Feb.2) ahead of 0.9361 (low Oct.2014) and then 0.9400 (psychological level). On the flip side, a breakdown of 0.9187 (low Feb.3) would aim for 0.9170 (low Jan.30) and finally 0.9046 (low Jan.29).