USD/CHF downside correction from 1-month high

FXStreet — The USD/CHF gave a portion of its profits from the 1-month high-from from and so the exchange rate to support in the vicinity of the 100-day SMA.

The US President Donald Trump dismissed the FBI Dirktor James Corney, and this seems to be a global risk aversion will be triggered. Add to that the sharp Pullback of the US Treasury bond yields, making the USD is an important support will be withdrawn.

Risk aversion is also reflected in the negative trend of the European equity markets and the safe haven of the Swiss franc benefited as investors tend to be taking to profit, after which it will increase in the last 3 sessions at a rate of around 150 Pips.

In the afternoon we expect the US Export/Import prices, which are short-term oriented traders with a pulse.

Important Levels

Supports lie below 1,0040 (100-day SMA) 1.0000 and 0,9990/85. On the other hand, Resistances can be found at 1,0075, 1,0100 and 1,0135/40.

** FXStreet News Editorial, FXStreet**

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