Despite the risk-off environment, the Dollar has managed to regain ground against the Swissy after opening Monday's Asian session near all-time lows at the 0.8085 zone. However, after rising 100 pips along the day, USD/CHF found resistance at the 0.8185/80 region during American hours and has been consolidating in a narrow range just below ever since, currently at 0.8170.
"Current recovery attempt is so far seen capped at 0.8200, with break here required to signal stronger correction towards 0.8273/0.8300", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Holding below 0.8200, however, keeps bears in play for fresh attempt through 0.8073, towards 0.8000/0.7900 targets".
No comments:
Post a Comment