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11 Nov 2014
USD/CHF slides below 0.9650
FXStreet (Córdoba) - USD/CHF broke below 0.9565 and accelerated to the downside, reaching at 0.9637 a fresh daily low. The pair remains near the lows as the US dollar drops further in the market.
Greenback erased yesterday’s gains and has fallen below the price it had at the beginning of the week, approaching Monday’s low that lie at 0.9614.
USD/CHF reversing after finding resistance
Last week the pair failed to hold above 0.9700 and pulled back sharply. Today during the European session rose to 0.9699 where it lost strength and started to reversed. The US dollar is having difficulties around 0.9700 while to the downside, below 0.9615, the 0.9600 area would be exposed (Nov 6 low).
Greenback erased yesterday’s gains and has fallen below the price it had at the beginning of the week, approaching Monday’s low that lie at 0.9614.
USD/CHF reversing after finding resistance
Last week the pair failed to hold above 0.9700 and pulled back sharply. Today during the European session rose to 0.9699 where it lost strength and started to reversed. The US dollar is having difficulties around 0.9700 while to the downside, below 0.9615, the 0.9600 area would be exposed (Nov 6 low).