ForexLive Asian market open: GBP/CHF the big mover overnight

Author: Sean Lee | Category: News

Yesterday in Asia we saw AUD/JPY fall and overnight there was a very big fall in GBP/CHF, both traditional risk pairs. This suggests to me that we may be entering a slightly different phase where the market concentrates more on cross pairs rather than solely on the USD, but a bit more evidence is needed.

USD/CHF is close to daily support at .9555 and EUR/USD is nearing technical resistance at 1.3935.

Good luck today.

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