28 Apr 2015
USD/CHF reverses and drops toward 0.9500
FXStreet (Córdoba) - USD/CHF dropped almost a hundred pips during the last hour and printed a fresh daily low at 0.9502. The pair was trading slightly below 0.9600, at the strongest level since last Thursday before turning to the downside.
The pair was the last to join to the rally against the US dollar in the market.
The Swiss Franc recovered ground across the board during the last hour but still remains as the worst performer among European currencies.
Greenback is falling across the board, ahead of tomorrow's’ FOMC statement and after another round of weak US economic data.
USD/CHF approaching again a key support
The dollar was moving away from the key 0.9470/80 area, that continues to offer support but now price is back near that level. If it drops below 0.9470 it would be trading at the lowest since February 27 and it would weaken further the technical outlook for the US dollar.
The pair was the last to join to the rally against the US dollar in the market.
The Swiss Franc recovered ground across the board during the last hour but still remains as the worst performer among European currencies.
Greenback is falling across the board, ahead of tomorrow's’ FOMC statement and after another round of weak US economic data.
USD/CHF approaching again a key support
The dollar was moving away from the key 0.9470/80 area, that continues to offer support but now price is back near that level. If it drops below 0.9470 it would be trading at the lowest since February 27 and it would weaken further the technical outlook for the US dollar.