FXstreet.com (Barcelona) - After falls around 90 pips from 1.1365 at the beginning of the sesion to find support at 1.1270, the USD/CHF has begun to rise to reach a intra-day high at 1.1385 and recover all of its initial losses. Currently the pair is trading around 1.1365/75 after rising 0.10% so far today from opening price at 1.1360.
Yesterday, USD lost 0.67% against CHF from 1.1438 opening price, reaching 1.1447 as maximum and 1.1301 as minimum, to close the day at 1.1360.
According to the Swiss e Trade Strategy Team, the Dollar weakens as Fed signals a waitâˆ’andâˆ’see stance: Once again, the dollar is checking the lower end of its trading channel against the Swiss franc in early European trading and is currently priced at 1.1330. We see the market bombed out on the downside for today and expect recovery moves up to levels around 1.1400.
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