“¢ 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. 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 EIA: Commercial crude oil inventories decreased by 6.1 million barrels from previous week FX Street 5 years "¢ 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… 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.
