USD/CHF: The USDOLLAR dipped quite aggressively after the recent rate hike,


December 17, 2017 08:36 PM

BULLISH

Daily Trading Range: 56
USD/CHF: The USDOLLAR dipped quite aggressively after the recent rate hike, but started to regain movement for the bulls after recent re-test of nearby support. However, since no further guidance has been offered, we may see addtional dipping due to the pending tax reform vote. With about 50 points to the next level of resistance, traders can expect approximately 100 pips worth of potenttial USD Strength left. Expect USD BASE currencies to RALLY and USD QUOTE crosses to DIP as the USD APPRECIATES to this point short term.

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.0100
Resistance 2: 1.0040
Resistance 1: 0.9950
Current Price 1.0120
Support 1: 0.9730
Support 2: 0.9700
Support 3: 0.9670

Two Hour Chart

Two Hour Chart

Other Currency Pairs

USD/CHF

Daily Trading Range: 56

BULLISH

USD/CAD

Daily Trading Range: 79

BULLISH

GBP/USD

Daily Trading Range: 94

BEARISH

Additional Currency Pairs