18 Jun 2015
USD/CHF retakes 0.92 handle
FXStreet (Mumbai) - The USD/CHF pair is back above 0.92 handle ahead of the European session after having clocked a low of 0.9193 levels in the Asian session.
Safe haven bids on CHF to return?
The Swiss Franc has been a major beneficiary of the Greek crisis, leading to a drop in the EUR/CHF and USD/CHF pair. The dovish FOMC statement released on Wednesday further added to the selling pressure in the USD/CHF pair.
The pair fell below 0.9240, which is the 50% Fib retracement of 0.8352-1.0128 after the Fed policy. It remains to be seen of the pair manages to extend gains over and above 0.9240 during the European session.
USD/CHF Technical Levels
The immediate resistance is located at 0.9240, above which gains could be extended to 0.9280. On the flip side, a break below 0.9190 could push the pair down to 0.9140.
Safe haven bids on CHF to return?
The Swiss Franc has been a major beneficiary of the Greek crisis, leading to a drop in the EUR/CHF and USD/CHF pair. The dovish FOMC statement released on Wednesday further added to the selling pressure in the USD/CHF pair.
The pair fell below 0.9240, which is the 50% Fib retracement of 0.8352-1.0128 after the Fed policy. It remains to be seen of the pair manages to extend gains over and above 0.9240 during the European session.
USD/CHF Technical Levels
The immediate resistance is located at 0.9240, above which gains could be extended to 0.9280. On the flip side, a break below 0.9190 could push the pair down to 0.9140.