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