USD/CHF: Swiss franc benefits from Trump lead driven jitters

The USD/CHF pair is seen losing ground last minutes, now testing lows way below the mid-point of 0.97 handle, as the US dollar falls sharply into the red zone against its major rivals, in response to a dramatic deterioration in the risk sentiment after markets are clearly projecting a Trump win, with Trump leading in Florida (49.1% vs. 47.8%) and Virginia (50.2% vs. 44.9%).

The demand for safe-havens such as the yen, gold, Swiss franc etc., is on the rise as markets appear to almost price-in a Trump win on early projections.

USD/CHF: Technical levels:

Key Resistances: 0.9752 (200-DMA), 0.9803 (50-DMA), 0.9838 (daily S2)

Key Supports: 0.9673 (daily S4), 0.9600 (round number), 0.9535 (August levels)