USD CHF failed to boost
10/18/2016 11:50:48 AM
The bulls failed yet another effort to regain 0.9900 handle, sending the USD/CHF back towards the familiar range around 0.9875 levels.
Currently, the USD/CHF pair trades -0.17% lower at fresh session lows of 0.9872, retreating a spike to 0.9895 saw in the last hour. A renewed rally in the USD/CHF pair lost steam once again just shy of 0.9900 barrier, after a tepid rebound seen in the USD against its main competitors waned, as the EUR traders hit their desks and react negatively to disappointing US economic releases.
To the upside, the next persistence is placed at 0.9921 and above which it could expand gains to 0.9970 and 1.0000 next. To the downside, immediate support might be placed at 0.9860 and below that 0.9800 and from there to 0.9760/65.