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   “¢   USD bearish pressure eases despite disappointing housing data/weaker US bond yields.
   “¢   Further up-move, however, remains capped amid the prevalent cautious mood.

The USD/CHF pair managed to recover early lost ground and is currently placed near the top end of its daily trading range, around the 0.9930-35 region.

The pair found decent support ahead of the 0.9900 handle and was now being supported by a modest US Dollar rebound, despite the latest disappointment from the US new home sales data and weaker US Treasury bond yields.

Traders seemed to have largely negated the prevalent cautious mood around equity markets, which tends to underpin the Swiss Franc’s safe-haven appeal, with the USD price dynamics turning out to be an exclusive driver of the pair’s modest uptick since the early North-American session.

It, however, remains to be seen if the pair is able to make it through a three-day-old trading range as market participants now look forward to any fresh headlines coming out of a key trade-related meeting between the US President Donald Trump and European Commission President Jean-Claude Juncker.

Technical levels to watch

Immediate resistance is pegged near the 0.9955 area, above which the pair is likely to aim towards conquering the parity mark. On the flip side, the 0.9900 handle might continue to act as an immediate support, which if broken could accelerate the fall towards 0.9860-55 strong horizontal support.