26 May 2015
USD/CHF back below 0.95
FXStreet (Mumbai) - The USD/CHF pair ran into offers at a high of 0.9518 after which it pared gains to trade at 0.9483 on increasing talks of safe haven demand for CHF amid Greece issue.
Focus on US data
The Swiss Franc is turning out to be a beneficiary of the Greek saga. Moreover, the CHF has managed to take back part of its losses despite the 10-year falling below zero levels for the first time since April.
The investors now await the data in the US due later today, which is expected to show the durable goods orders in April contracted 0.4%, against the 4% rise seen in March.
USD/CHF Technical Levels
The immediate resistance is located at 0.9521 (100-DMA), followed by another major hurdle at 0.9558 (200-DMA). On the flip side, a break below 0.9475 (50-DMA) could push the pair lower to 0.9435 (5-DMA).
Focus on US data
The Swiss Franc is turning out to be a beneficiary of the Greek saga. Moreover, the CHF has managed to take back part of its losses despite the 10-year falling below zero levels for the first time since April.
The investors now await the data in the US due later today, which is expected to show the durable goods orders in April contracted 0.4%, against the 4% rise seen in March.
USD/CHF Technical Levels
The immediate resistance is located at 0.9521 (100-DMA), followed by another major hurdle at 0.9558 (200-DMA). On the flip side, a break below 0.9475 (50-DMA) could push the pair lower to 0.9435 (5-DMA).