FXstreet.com (Córdoba) – The Dollar dipped to a fresh 14-month low at 1.0213 against the Swiss Franc. USD/CHF then recovered rising to the 1.0250 zone. The next support lies at 1.0200 and below at 1.0130 (July 17 and 22 lows). In case of further recovery, Dollar could face resistance at 1.0275 and above at 1.0300 and 1.0330.
Current price at 1.0235/39 is 0.85% below today’s opening price. The pair tumbled during the European session and since the beginning of the American the downside rally eased but Greenback remains under pressure.
The ecPulse.com analysis team affirms: “The green currency slipped today to its lowest level against a basket of major currencies in 2009, surrendering its preceding gains on signs stimulus plans are helping economies to recover which eroded the appeal of dollar as a refuge. European and U.S. shares bounced today boosted by incline in shares of energy as oil rises. The dollar index is now at 76.13, losing 0.8% from the opening at 76.73.”
Current price at 1.0235/39 is 0.85% below today’s opening price. The pair tumbled during the European session and since the beginning of the American the downside rally eased but Greenback remains under pressure.
The ecPulse.com analysis team affirms: “The green currency slipped today to its lowest level against a basket of major currencies in 2009, surrendering its preceding gains on signs stimulus plans are helping economies to recover which eroded the appeal of dollar as a refuge. European and U.S. shares bounced today boosted by incline in shares of energy as oil rises. The dollar index is now at 76.13, losing 0.8% from the opening at 76.73.”
