19 Feb 2015
USD/CHF drops below 200-DMA
FXStreet (Mumbai) - The USD/CHF pair fell below the 200-DMA located at 0.9393, after having faced rejection in the previous session at the 50-DMA located then at 0.9445.
USD/CHF: losses could be capped by speculation of SNB intervention
The pair weakened today after the Fed minutes revealed policymakers are in favor of holding interest rates unchanged at record lows for longer time. However, the losses could be capped by speculation of Swiss National Bank intervention (SNB) after President Jordan expressed concerns earlier this week regarding the overvalued franc.
USD/CHF Technical Levels
The immediate support is seen at 0.9360 (5-DMA) and 0.9319 (10-DMA) levels. On the flip side, resistance is seen at 0.9440 (50-DMA) and 0.9500 levels.
USD/CHF: losses could be capped by speculation of SNB intervention
The pair weakened today after the Fed minutes revealed policymakers are in favor of holding interest rates unchanged at record lows for longer time. However, the losses could be capped by speculation of Swiss National Bank intervention (SNB) after President Jordan expressed concerns earlier this week regarding the overvalued franc.
USD/CHF Technical Levels
The immediate support is seen at 0.9360 (5-DMA) and 0.9319 (10-DMA) levels. On the flip side, resistance is seen at 0.9440 (50-DMA) and 0.9500 levels.