USD/CHF the correction from the new 1-month high

FXStreet – The USD/CHF is slightly negative, traded, and he fell to a new low in the vicinity of the 1,0075, according to the above, the new 1-month high was formed.

The Pair failed just before the important 1,0100 and the dealers seem to be taking profits are inclined to come to the last time a rate increase of more than 200 Pips.

The slight Pullback in the USD, and the subdued mood of the US Treasury bond yields could be one of the factors for the correction of the pair from the highest level since the 10. April.

The weaker sentiment towards the Pair is accompanied by the cautious Opening of the European stock markets since the safe haven of the Swiss franc is benefiting from this circumstance.

From the USA expect us today the weekly unemployment benefits, the PPI and the Fed Talk, what are the short-term-minded traders with a possibility to offer.

Important Levels

Under 1,0070 the next supports lie at the 100-day SMA of 1,0040, the parity, and in the case of 0,9985. On the other hand, Resistances are at 1.0100 and 1,0135/40.

** FXStreet News Editorial, FXStreet**

Leave a Reply