InstaForex

USDCHF - 29.12.2016


USD/CHF is under pressure. The pair faces the challenge of its nearest resistance at 1.0275, and may post a new decline in the coming trading hours.

The relative strength index lacks upward momentum, calling for caution. U.S. government bonds gained in prices as the five-year auction drew the strongest demand since November 2014.

The five-year notes were sold at a 2.057% yield. Meanwhile, the benchmark U.S. 10-year Treasury yield declined to 2.510% from 2.562% Tuesday.

The National Association of Realtors reported that pending home sales fell 2.5% on month in November, compared to +0.5% expected.

Therefore, as long as 1.0275 is resistance, further losses are expected to 1.0240 in extension.

Resistance levels: 1.0290, 1.0310, 1.0330
Support levels: 1.0240, 1.0225, 1.0200
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About MyBelajarForex

En. Mohd Abd Fallah adalah pengasas MBFx dan introducing broker InstaForex Malaysia. Dengan pengalaman yang luas sejak tahun 2007 beliau berkongsi semuanya didalam penulisan blog ini bersama-sama isteri beliau Pn. Yatie yang juga seorang full time trader.
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