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17 Mar 2015
USD/CHF holds above 1.000
FXStreet (Córdoba) - The USD/CHF pair is falling modestly on Tuesday, after trimming losses following Wall Street opening bell. Earlier price dropped to 1.0008 reaching the lowest level since last Thursday but then bounced to the upside as greenback gained momentum in the market ahead of tomorrow’s FOMC statement.
Currently the pair is hovering around 1.0050, down 25 pips so far. USD/CHF managed to hold above 1.000 while earlier approached 1.0100 but lost strength around 1.0090.
USD/CHF remain sideways
The pair continues to move with a bullish bias in the medium term, following the dramatic decline of January. Last week peaked at 1.0128 and pulled back. Since then it has been moving sideways between the parity level and 1.0110.
Currently the pair is hovering around 1.0050, down 25 pips so far. USD/CHF managed to hold above 1.000 while earlier approached 1.0100 but lost strength around 1.0090.
USD/CHF remain sideways
The pair continues to move with a bullish bias in the medium term, following the dramatic decline of January. Last week peaked at 1.0128 and pulled back. Since then it has been moving sideways between the parity level and 1.0110.