USD/CHF falls to 0.99, USD reaches 6-month low

FXStreet — The USD/CHF extended its sharp decline in the last week of the 1,0100 and so is the 6-day low in the vicinity of the 0,9900 achieved, while the selling pressure against the Greenback stops.

Against the Background of recently disappointing U.S. data, expectations for additional Fed interest rate increases in 2017 dropped, causing the selling pressure since last Friday remains in place. The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, reached on Tuesday, his 6-month low, which is an important factor for the downward movement of the pair of the 4. Day in a row.

The bulls will now try the 0,9900 to defend, but this will fall stops should be triggered. From the US, housing starts, building permits and industrial production we expect today.

Important Levels

Under 0,9900, the next supports lie at 0,9865/60, 0,9800 and 0,9780/75. On the other hand, Resistances can be found at 0,9915/20, 0,9960 and parity.

** FXStreet News Editorial, FXStreet**

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