Matías Salord

Matías Salord

He in an economist with studies in social communication. He has more than 10 years of experience specializing in financial markets. Matias has been working with FXStreet since 2009 in the news and analysis section.

Articles by Matías Salord

USD/CHF extends rally to 0.9975, highest since mid-October

USD/CHF daily, August - November 2019

Swiss Franc amid the worst performers on Thursday amid positive trade headlines. US dollar rises supported by higher US yields; Wall Street hits a new record. The USD/CHF pair broke to the upside after trading sideways around 0.9925 for hours. It climbed to 0.9975, reaching a three-week high. Near the end of the session, it is consolidating gains, holding above relevant short-term technical levels. 

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USD/CHF rises to one-week highs at 0.9930

More levels

US Dollar strengthens during the American session after US data. Swiss Franc fails to benefit from the demand for safe-haven assets. The USD/CHF pair rebounded at 0.9890 and climbed to 0.9930, the highest level since October 17. As of writing, trades at 0.9920, up almost 20 pips for the day, on its way to the fourth daily gain in-a-row. 

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USD/CHF capped again by 1.0025, retreats below parity

Technical outlook

Swiss Franc flat versus US Dollar, down against its European rivals. Another weak economic report from the US keeps the Greenback and markets under pressure. The USD/CHF pair again was capped by the 1.0025/30 area and pulled back. Near the end of the session it is hovering around 0.9980/85 after falling to 0.9950.

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USD/CHF consolidates gains above 0.9900, limited by 0.9950

USD/CHF between two key levels

US Dollar rises versus Swiss Franc for the second-day in-a-row. USD/CHF testing key 200-day simple moving average and 0.9950. The USD/CHF rose on Thursday, holding firm above 0.9900. The pair peaked on European hours at 0.9947 and then pulled back finding support at 0.9900. The bounced back to the upside unable to challenge daily highs and is trading at 0.9930.

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