Swiss franc about to post highest daily close since mid-March versus US dollar. Greenback tumbles across the board, DXY drops under 96.50. The USD/CHF broke below 0.9400 and accelerated to the downside, falling to 0.9375, matching the June low. From the lows, it bounced modestly to the upside, and it is hovering around 0.9385, still under pressure. The move lower followed a quick and sharp decline of the US dollar across the board. The greenback, measured by the DXY, fell under 96.50, to the lowest in two weeks, after reversing from 97.00. The decline of USD was followed by a bounce higher in US equity price. Following the latest coronavirus reports, Wall Street turned to the downside while the greenback remained in negative territory. Technical outlook The USD/CHF is rebounding after finding support at 0.9375. A break lower would put the pair at the lowest level since mid-March. The next strong support is seen at 0.9325 (Mar 12 low). On the upside, now 0.9405 is the immediate resistance, followed by 0.9430. The bearish pressure will ease if the dollar manages to break above 0.9445/50 (horizontal level and short-term downtrend line). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/SEK forecast at 10.40 in three months – Rabobank FX Street 3 years Swiss franc about to post highest daily close since mid-March versus US dollar. Greenback tumbles across the board, DXY drops under 96.50. The USD/CHF broke below 0.9400 and accelerated to the downside, falling to 0.9375, matching the June low. From the lows, it bounced modestly to the upside, and it is hovering around 0.9385, still under pressure. The move lower followed a quick and sharp decline of the US dollar across the board. The greenback, measured by the DXY, fell under 96.50, to the lowest in two weeks, after reversing from 97.00. The decline of USD was followed by a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
