USD/CHF touches parity on Reversal Thursday

FXStreet (Tokyo) - As the EUR/USD is rallying 150 pips to 1.0640, the USD/CHF is accordingly reaching parity after falling 130 pips from nearly 2-month highs at 1.0125. Reversal Thursday, plus negative correlation with the EUR/USD.

Currently, USD/CHF is trading at 1.0015, down 0.78% on the day, having posted a daily high at 1.0131 and low at 0.9996. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/CHF levels

If the pair extends decline beyond parity, it will find supports at 0.9980 and 0.9960. To the upside, resistances are at 1.0020, 1.0080 and 1.0125.