Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USDCHF hits 1-month low on ongoing geoplitical tension, good to sell on rallies

USDCHF is trading extremely weak and lost more than 90 pips on ongoing politcal tension in UK and trade ar escalation. UK PM May has announced exit date as Jun 7th and cabinet rejected new Brexit deal. Andrea Leadsom House of Commons leader resigned and she is heavily against Theresa May new Breit deal. The ongoing uncertanity has increased demand for safe haven assets such as Swiss franc and gold. The pair hits low of 1.00086 and is currrently trading around 1.00280.

 

On the lower side, majro support is around 1.000 level and any break below will drag the pair down till 0.9958 (200- day MA)/0.9900.Any major weakness only below 0.9890.

 

The near term resistacne is around 1.0050 and any violation above targets 1.010/1.0120. Any break above 1.0120 will take the pair to next level till 1.0175/1.0250.

 

It is good to sell on rallies around 1.0050 with SL around 1.0080 for the TP of 0.9958.

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 819284819284m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819284819284m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 831104831104m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 819284819284m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 831104831104m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 819284819284m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819284819284m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819284819284m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.