USD/CHF still under pressure

Author: Pete Jackson | Category: Forex Orders

Ranging again this morning just above the 0.7990 level which is being protected again by a major NY bank.

I’m told there are bids on the machines of around $500 at  0.7992, which is currently deterring further pushes.

Some macro sellers have been seen in the EUR/CHF this morning with a low of 1.1420. Bids are now reported towards 1.1405 seen on July 18.

Dollar is trading around 0.8010 with the cross around 1.1435

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose