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Alert - 09:50 (CET) - UsdChf
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The UsdChf is trading at 1.1674, ranging from 1.1596 to 1.1747. The current price is over yesterday's close at 1.1621. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The resistances are watched at 1.1844 (October 11th, 2007 high), 1.1200 (key) and 1.2179 (August 17th, 2007 high). The supports are watched at 1.1475 (November 3rd low), 1.1356 (October 31st low) and 1.1203 (October 30th low).
This week, the Dollar gained 0.73% against the Swiss Franc, as the demand for high yielders dims.
The behaviour of the pair is inversely propotional to the EurUsd one, as the ECB and SNB monetary policies are very similar. This is another way of explaining the behaviour of the UsdChf. This way, we see the Dollar rebound against the Euro and, at the same time, against the Swiss currency.
Checking the graphics again, we see that the current price is over the 0.00% (0.9646) and under the 23.60% (1.4282) Fibonacci retracement line. The average volatility per hour is 155 pips. The 60-minute Relative Strenght Index (RSI) is at 49 points, rebounding from the oversold area.
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