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USDCHF eyes parity level, any break above targets 1.0050

USDCHF has broken major resistance 0.9960 after a long consolidation and jumped till 0.99980 at the time of writing. The jump was mainly sue to broad based US dollar buying. US dollar index has jumped more than 100 pips from low of 96.45 level. The Swiss franc has started to trade slightly lower after SNB has kept its rates unchanged and said that exchange rate is high. It will intervene in currency market if Swiss Franc strengthens further. But geopolitical tension and trade war is expected to support Swiss franc at higher levels. It is currently trading around 0.99909.

 

On the higher side, near term resistance is around 1.000 level and any break above targets 1.0050/1.010.Any major bullishness only above 1.0120.

 

 The major trend reversal can happen only below 0.9960 (200-day MA) and any violation below will drag the pair till 1.0050/1.010.

 

It is good to buy on dip around 0.9985-90 with SL around 0.9945 for the TP of 1.0050/1.010.

 

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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 764647764647m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764647764647m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776467776467m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764647764647m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776467776467m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764647764647m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764647764647m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764647764647m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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