3 Dec 2013
USD/CHF morning decline continues
FXstreet.com (Barcelona) - Having posted an overnight high at 0.9100, USD/CHF has declined into and throughout the morning session so far, and is presently trading at 0.9065, down -0.25% on the day.
CHF strengthens on EUR correlation
With EUR/USD pressing higher this morning, USD/CHF, and its negative correlation with the leading pair has been forced lower from its overnight cap at 0.9100. A quiet morning of data has seen a gradual improvement in Spanish unemployment data, and EU PPI lies ahead at 10:00 GMT, rounding up the European docket.
What are today’s key USD/CHF levels?
Todays’s pivot point can be found at 0.9080, with support below at 0.9050 (S1), 0.9012 (S2) and 0.8982 (S3), and resistance above at 0.9118 (R1), 0.9148 (R2) and 0.9186 (R3). Traders should pay special attention to the price range between 0.965-31 where several key levels are clustered today.
CHF strengthens on EUR correlation
With EUR/USD pressing higher this morning, USD/CHF, and its negative correlation with the leading pair has been forced lower from its overnight cap at 0.9100. A quiet morning of data has seen a gradual improvement in Spanish unemployment data, and EU PPI lies ahead at 10:00 GMT, rounding up the European docket.
What are today’s key USD/CHF levels?
Todays’s pivot point can be found at 0.9080, with support below at 0.9050 (S1), 0.9012 (S2) and 0.8982 (S3), and resistance above at 0.9118 (R1), 0.9148 (R2) and 0.9186 (R3). Traders should pay special attention to the price range between 0.965-31 where several key levels are clustered today.