USD/CHF loses footing altogether Thursday – approaching recent low at 0.8966

FXstreet.com (Barcelona) - Greenback weakness Thursday took the USD/CHF down hard. Only technical support at the recent lows seems to be a source of hope for the bulls.

USD/CHF has lack of data Friday – focus to be on Fed Head speeches

USD/CHF traders will be monitoring the words and sentiment expressed by four separate Federal Reserve members throughout the US session on Friday. With a lack of data points from either the US or Switzerland, it will be the Fed Heads and technicals that drive trading in USD/CHF Friday.

Technical outlook for USD/CHF

Technicians say the USD/CHF has support at the recent low of 0.8966. Below that comes a Fibonacci projection line at 0.8931. Resistance begins at 0.9177 – the recent rally peak and the 6/18 closing low at 0.9196.