FX : USD/CHF falls quickly and trades below 1.0600
FXstreet.com (Barcelona) – Almost 100 pips has fallen USD/CHF after the US opening bell from 1.0640, intra-day high level, to break down the 1.0600/10 tough zone and trade close to 1.0550. Currently the pair is trading around 1.055/65, 0.35% below today opening price.
Valeria Bednarik, FXstreet.com collaborator, comments that pair needs to break up 1.0630 to regain recovery path: “Trapped in range, hourly indicators are quite flat, while bigger time frames support some upside movement. Confirmations above 1.0630, 200 EMA in the 4 hours chart, are needed to see the pair gain some momentum.”
