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11 Mar 2015
USD/CHF sold at 1.0090 and falls below 1.0050
FXStreet (Tokyo) - As the EUR/USD slightly bounced from 1.0560, the USD/CHF is retreating from highs at 1.0090 and now it's back at 1.0030. Currently, USD/CHF is trading at 1.0046, up 0.51% on the day, having posted a daily high at 1.0091 and low at 0.9970.
The USD/CHF is pricing at highs since the SNB meltdown day of January 15. That day the USD/CHF collapsed 1,900 pips from 1.0215; since then, the USD/CHF has recovered 1,770 pips to current levels.
US dollar to Swiss Franc levels
As Pablo Piovano from FXStreet reported previously, "the rally of the USD/CHF pair lost strength near 1.0100 that is the new key short term resistance level. Above, the next resistance levels to watch might lie at 1.0115, 1.0215 (Jan 8 high) and 1.0240 (2015 high)."
However, as the EUR/USD is bouncing at 1.0560, the USD/CHF is joining its negative correlation and it's retracing to 1.0030. Below this level, supports are at 1.0000 and 0.9980.
The USD/CHF is pricing at highs since the SNB meltdown day of January 15. That day the USD/CHF collapsed 1,900 pips from 1.0215; since then, the USD/CHF has recovered 1,770 pips to current levels.
US dollar to Swiss Franc levels
As Pablo Piovano from FXStreet reported previously, "the rally of the USD/CHF pair lost strength near 1.0100 that is the new key short term resistance level. Above, the next resistance levels to watch might lie at 1.0115, 1.0215 (Jan 8 high) and 1.0240 (2015 high)."
However, as the EUR/USD is bouncing at 1.0560, the USD/CHF is joining its negative correlation and it's retracing to 1.0030. Below this level, supports are at 1.0000 and 0.9980.