USD/CHF likely to range-trade Tuesday. Pair supported by negative Swiss interest rates; threat of SNB CHF-selling intervention. But USD/CHF upside limited by broadly weaker dollar undertone. Daily chart still positive-biased as MACD and stochastics in bullish mode. Resistance at 0.9289 (Friday's high); breach would target 0.9312 (Thursday's high, near 200-day moving average), then 0.9347 (Feb. 2 high). Support at 0.9193 (Monday's low); breach would tilt near-term view negative, targeting 0.9165 (Jan. 30 low), then 0.9040 (Jan. 29 low). Spot USD/CHF is at 0.9243. (jerry.tan@wsj.com)
(END) Dow Jones Newswires
February 09, 2015 19:51 ET (00:51 GMT)
Description: USD/CHF Rangebound as Weaker USD Offsets Negative Swiss Rates -- Market Talk
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ItemReviewed: USD/CHF Rangebound as Weaker USD Offsets Negative Swiss Rates -- Market Talk
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ItemReviewed: USD/CHF Rangebound as Weaker USD Offsets Negative Swiss Rates -- Market Talk
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