“¢ Reviving safe-haven demand keeps a lid on early recovery attempt. “¢ Fresh USD selling prompts some selling in the past hour or so. The USD/CHF pair faded a modest uptick to an intraday high level of 0.9890 and is currently placed at 1-1/2 week lows. The pair extended last week’s rejection slide from the 0.9985-90 supply zone, with a combination of factors continuing to exert downward pressure for the third consecutive session. Escalating trade rhetoric kept investors on their toes at the start of a new trading week and was eventually seen underpinning demand for traditional safe-haven currencies – like the Swiss Franc. The risk-off mood was evident from the ongoing slide in the US Treasury bond yields, which kept the US Dollar bulls on the back-foot and further collaborated to the pair’s slide to a seven-day low level of 0.9869. Today’s thin US economic docket, featuring the release of New Home Sales data is unlikely to provide any meaningful respite for the USD bulls but will still be looked upon to grab some short-term trading opportunities. Technical levels to watch Immediate support is pegged near the 0.9855-50 region, below which the pair is likely to head towards challenging the 0.9800 handle. On the flip side, the 0.9890-0.9900 region now seems to have emerged as an immediate hurdle, which if cleared might trigger a short-covering bounce towards 0.9935-40 intermediate resistance en-route the 0.9975-80 supply zone. 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/USD scope for a move to 1.1750/75 – Scotiabank FX Street 5 years "¢ Reviving safe-haven demand keeps a lid on early recovery attempt. "¢ Fresh USD selling prompts some selling in the past hour or so. The USD/CHF pair faded a modest uptick to an intraday high level of 0.9890 and is currently placed at 1-1/2 week lows. The pair extended last week's rejection slide from the 0.9985-90 supply zone, with a combination of factors continuing to exert downward pressure for the third consecutive session. Escalating trade rhetoric kept investors on their toes at the start of a new trading week and was eventually seen underpinning demand… 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.