USD /CHF January 19th, 2021

USD /CHF is consolidating in a narrow range between 0.89201 and 0.8855 for the past week. The increase in coronavirus cases and surging yield is supporting the US dollar at lower levels. On the data front, US retail sales and Jobless claims came below expectations. The US 10-year yield was one of the best performers in the past 1-1/2 months and surged more than 45%. The US dollar index is holding well above 90 levels, any violation above 91.50 confirms bullish continuation.

The pairs near term resistance at 0.8920; any convincing violation above will take to the next level till 0.8948 (55- day EMA)/0.9000. On the lower side, significant support stands at 0.8845, any indicative break below targets 0.88220/0.8800/0.8750.


It is good to buy on dips around 0.8900 with SL around 0.8860 for a TP of 0.9000.

Take a Loan

Take a Trading Loan

Build Stock Portfolio

Deposit with up to 11% fixed interest rate

BINFXO Bank Trading Signals

Free Accurate Forex signal for non-members

Spread the love