Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USDCHF downside cushioned by 5 day MA, jump till 1.02950 likely

USDCHF has once again recovered after hitting low of 1.01689.The pair was trading higher for past one month and jumped more than 300 pips . It hits 13 month high at 1.02380 and is currently trading around 1.0223.The jump was mainly due to broad based US dollar buying and easing trade tension has decreased demand of safe haven assets. Markets eye US durable goods order for further direction.

 

The near term support is around 1.01660 (5- day MA) and any break below will take the pair to next level till 1.0125/1.0100.

 

The major resistance is around 1.02500 and any convincing break above targets 1.0300/1.03400.

 

It is good to buy on dips around 1.0180 with SL around 1.0145 for the TP of 1.01295.

 

 

 

  • ET PRO
  • Market Data

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

May 17 14:00 UTC Released

USU Mich 1Yr Inf Prelim

Actual

2.8 %

Forecast

Previous

2.5 %

May 17 14:00 UTC Released

USYr Inf Prelim

Actual

2.6 %

Forecast

Previous

2.3 %

January 31 00:00 UTC 681914681914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 681914681914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 693734693734m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 681914681914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 693734693734m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 681914681914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 681914681914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 681914681914m

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.