Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CHF hits multi-week high on reducing demand for safe-haven asset,good to buy on dips

USDCHF is trading higher for 4th consecutive day and jumped more than 150 pips on account of easing geopolitical tensions. The trade optimism between US and China has increased demand for risky assets such stocks. The pair has formed a minor bottom around 0.97165 and recovered nearly 2.45% from the low. The pair hits high of 0.99554 and is currently trading around 0.99422.

 

The near term major intraday resistance is around 0.9965 and any convincing break above targets 1.0010/1.0068. Any break above 1.0130 confirms that pair has formed minor bottom at 0.97169.

 

On the lower side, near term support is around 0.9870 and any violation below will drag the pair to next level till 0.9840/ 0.9790/0.9735/0.9700.

 

It is good to buy on dips around 0.9920-225 with SL around 0.9865 for the TP of 1.00680.

 

  • 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 816424816424m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 816424816424m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 828244828244m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 816424816424m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 828244828244m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 816424816424m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 816424816424m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 816424816424m

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.