20 Mar 2015
USD/CHF drops to 0.9725
FXStreet (Córdoba) -
From the lows rebounded, but the recovery found resistance at 0.9770 and currently trades at 0.9750, down more than a hundred pips from today’s opening price, headed toward the lowest daily close since March 5. The pair is about to post the first weekly decline since January, making a strong bearish correction after the rally from near 0.8000 lost strength above the parity level.
A decline of the US dollar across the board after the FOMC and the decision of the Swiss National Bank to leave rates unchanged weakened the pair considerably. ">USD/CHF accelerated the decline below 0.9800 and fell to 0.9725 reaching the lowest price since Wednesday.
From the lows rebounded, but the recovery found resistance at 0.9770 and currently trades at 0.9750, down more than a hundred pips from today’s opening price, headed toward the lowest daily close since March 5. The pair is about to post the first weekly decline since January, making a strong bearish correction after the rally from near 0.8000 lost strength above the parity level.
A decline of the US dollar across the board after the FOMC and the decision of the Swiss National Bank to leave rates unchanged weakened the pair considerably.
From the lows rebounded, but the recovery found resistance at 0.9770 and currently trades at 0.9750, down more than a hundred pips from today’s opening price, headed toward the lowest daily close since March 5. The pair is about to post the first weekly decline since January, making a strong bearish correction after the rally from near 0.8000 lost strength above the parity level.
A decline of the US dollar across the board after the FOMC and the decision of the Swiss National Bank to leave rates unchanged weakened the pair considerably. ">USD/CHF accelerated the decline below 0.9800 and fell to 0.9725 reaching the lowest price since Wednesday.
From the lows rebounded, but the recovery found resistance at 0.9770 and currently trades at 0.9750, down more than a hundred pips from today’s opening price, headed toward the lowest daily close since March 5. The pair is about to post the first weekly decline since January, making a strong bearish correction after the rally from near 0.8000 lost strength above the parity level.
A decline of the US dollar across the board after the FOMC and the decision of the Swiss National Bank to leave rates unchanged weakened the pair considerably.