 Tools for TradersTop Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action InsightMid-Day Report: Dollar Mildly Higher after Solid Data but Upside Limited, Franc Shrugs off SNB Dollar strengthens mildly in early US session after some solid economic data. But gain for the greenback is so far limited. While Dollar follow Yen as the second strongest major currency for today, it's still down again all but Aussie and Loonie for the week. US President Donald Trump confirmed the appointment of Larry Kudlow as top White House economic adviser, replacing Gary Cohn who left last week. But there is generally expected and priced in. The Swiss Franc also showed little reaction to the dovish rate announcement of SNB. Markets eyes are staying on how the theme of trade war develops. Technical OutlookUSD/CHF Mid-Day Outlook Daily Pivots: (S1) 0.9421; (P) 0.9451; (R1) 0.9477; More... USD/CHF recovers mildly as it's trying to draw support from 4 hour 55 EMA. But it's limited well below 0.9533 temporary top so far. Intraday bias remains neutral. Again, further rise is in favor as long as 0.9356 support holds. Break of 0.9533 will resume the rebound from 0.9186 and target 0.9626 fibonacci level. However, on the downside, break of 0.9356 will indicate that the rebound has completed. In such case, intraday bias will be turned back to the downside for retesting 0.9186 low. Suggested ReadingsUSDCHF Looking Bullish In The Short-Term But Maintains Bearish Medium-Term Tone Forex Analysis: GBPUSD And Silver Analysis Dollar And Stocks Bide Time Ahead Of Busy Next Week Thursday March 15: Five Things The Markets Are Talking About NZDUSD Fails To Jump Above 0.7350, Weak Bias In Short Term Economic Data
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