USD/CHF according to the new 1-month High on the retreat

FXStreet — The currency pair USD/CHF jumped to the European lunch to a new month high at 1,0098. Price support was a stronger Greenback, which began after the monetary policy decision of the Bank of England (BoE) travel. Then, the US dollar went on its course of consolidation, and was last updated on 1,0069 and to 0.20 per cent in the Minus.

BoE Governor Carney had left the rampant Inflation in the UK, unappreciated, and stressed that the current monetary policy stance was appropriate. This caused a strong selloff in the British pound. Although the inverse correlation between the currency pairs USD/CHF and GBP/USD is usually not very strongly, was the fact that the US Dollar Index after Carney’s press conference, the highest level since may 21. April jumped, for new bids in USD/CHF. In addition, today’s macro-failed data from the United States better than expected, which had supported the Greenback in addition.

Despite the recent upward movement in the currency remains range a couple on Thursday in a 30-Pip Sideways. The major stock indices in the US started the trading day with Declines, which limits the gains in the USD/CHF, given the low risk appetite of the investors. The economic calendar from Switzerland has to offer on Friday. In Germany, the consumer could ensure prices and the data on gross domestic product for new momentum. However, the Greenback for currency pairs in the last few days of the course drivers, and thus is likely to focus on tomorrow’s release of the retail sales.

SNB’s Jordan: Negative interest rates and interventions are for the significant CHF Overvaluation is a Central theme of the SNB
Current MPC monetary policy is appropriate — BoE Carney
USA: retail sales in focus

Technical Levels

The next Resistances lie at 1,0110 (to the power of 10. April), 1,0160 (High 09. March) and 1,0200 (psychological mark). Technical supports are at 1,0010 (100-day line), 0,9960 (20-day line) and 0,9860 (Deep 04. To find may).

** FXStreet News Editorial, FXStreet**

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