Forex Special :-
The Dollar Swiss has shrugged off previous weakness, after the Swiss Frank, on the back of well better then expected Philly Fed business Index, jumping about 80 pips higher to reach levels past 0.9950, approaching resistance at 0.9965/75.
On the upside, immediate resistance lies at 0.9965/75 (Nov 1, 15, 16 highs), and above here, 1.0000 (psychological resistance) and 1.0035 (Daily pivot point R1). On the downside, support levels lie at 0.9855 (session low), and below here, 0.9825 (Nov 15 low) and 0.9800.
US Philadelphia Fed Business Index has rocketed to a reading of 22.5 points in November from the 1.0 reading posted in October, beating market expectations of an increment to levels around 5.0.
USD/CHF (Nov 18 at 17:21 GMT)
0.9962/65 (0.49%)
H 0.9999 L 0.9854
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.9801 | 0.9826 | 0.9850 | 0.9946 | 0.9971 | 0.9996 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Nov 18 at 17:15 (15-minute timeframe) | |
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