USD/CHF: the recovery runs in the Sand

FXStreet — The currency pair USD/CHF fell recently to the lowest level since the beginning of November. Already in the European business, the US dollar headed South again. Blame it on the on a broad Front in Minus recording stock markets of Europe were. To US opening the Barometer staged on both sides of the Atlantic, then a recovery, which allowed the US Dollar Index, a stabilization compared to its rivals. Finally, the USD/CHF traded on 0,9762 and to 0.27 per cent in the Minus.

After the strong losses of the previous days, the Greenback is celebrated on the Thursday first of all to make a Comeback, supported by better-than-expected US economic data. The initial applications in the context of the US unemployment insurance fell compared to the previous week by 4,000 to 232.000, while the Philly Fed Index slid to stellar 38.8 points.

However, the economy proved to be data, as there is no permanent price driver for the last heavily battered US Dollar, which is driven in particular by the political turmoil in the United States.

Technical Outlook

The next supports lie at 0,9765 (Deep 07. October / day low), 0,9700 (psychological mark) and 0,9640 (Deep 29. September). Resistors are, however, in the case of 0,9800 (psychological mark), targets 0.9850 (High-17. To find may) and 0,9900 (psychological mark).

** FXStreet News Editorial, FXStreet**

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