USDCHF and EURCHF both running into sellers after decent rallies

Author: Mike Paterson | Category: News

CHF pairs have enjoyed some good action in this session 12 Oct

USDCHF currently 0.9741 after posting 0.9752 after a strong rally from 0.9720 as USD demand returned and leading the way apart from cable's eventual retreat outstripped it and some.

Notable move higher though and  as ever we can never rule out some SNB smoothing as we see EURCHF consolidate/extend recent gains to post 1.1560 from 1.1530 after a line in the sand seemingly drawn at 1.1500 for the moment.

Expect sell interest at 0.9760 with larger between 0.9780-00. Demand back into 0.9720 with larger at 0.9700

Yeeeey ! Finally I get to post on some other currency p/a, something I'd be ideally doing all the time rather than being a data and rhetoric copy typist. Hey ho.