USD/CHF fluctuates to 6-month low in the vicinity of the 0,9700

FXStreet – After the initial recovery attempt in the proximity of the 0,9765, was the USD/CHF is under selling pressure and so was the new low for the year in the area of the 0,9700 formed.

The recent political Drama about the US President, Trump and the fired FBI Director James Comey has raised the expectations of the Trump Pro-growth policies continue to Fluctuate, which is weighing on the Greenback neat.

The persistent selling pressure on the US Dollar Index fell below 97,00 to the new 6-day low, what is the most important factor behind the downward movement of the pair. Arise from 1,0100 1-month high (11. May) fell in the course of more than 400 Pips.

Later, there are Speeches by various FOMC members, which can influence the expectations of the short-term monetary policy.

Important Levels

Supports lie at 0,9680, 0,9640/35 and 0,9600. On the other hand, Resistances can be found at 0,9760/65 (daily high), 0,9800 and 0,9825.

** FXStreet News Editorial, FXStreet**

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