FXStreet — After yesterday’s volatile price development of the USD/CHF is now under pressure, but he’s on the 0,9700.
Currently, the trade takes place to 0,9720-25, so that the 6-month low in range. The recent Trump controversy has concerns about the growth policy to rise, which is weighing on the USD.
• US Dollar finds support in the vicinity of 97,00
Add to that the tragic news of a terrorist attack in Manchester, and the associated risk-aversion plays in the safe haven of the Swiss franc in the cards.
The markets seem to ignore the larger-than-expected decline in the Swiss trade surplus, since the market is sentiment, the exclusive driver.
Next, expect the sales of new real estate and the PMI manufacturing from the United States , what are the short term oriented traders a pulse.
Under 0,9700 the next supports lie at 0,9680, 0,9640/35 and 0,9600. On the other hand, Resistances can be found at 0,9745/50 (daily high), 0,9800 and 0,9825.
** FXStreet News Editorial, FXStreet**
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