Category Archives: USD/CHF

USDCHF: Four-Decade Low in US Jobless Claims Could Overcome Bearish Technicals

Matt Weller

Last week, we highlighted a confluence of key resistance levels in the .9600-50 zone on USDCHF (See “USDCHF: Two Swiss-Cheese Style Holes on the Way to Parity” for more). As anticipated, the pair edged up into that area and has since turned lower to fall over 100 pips from the high set earlier this week. Now, the question on traders’ minds is “Where will the pair head next?” more…