12 Dec 2014
Swiss franc weakens versus USD
FXStreet (MUmbai) - USD/CHF trades lower after a choppy session seen in Asian trading, as dollars bulls take a back seat against the common currency.
Currently, the EUR/USD pair is seen trading up at 1.2418 levels, which pushed USD/CHF lower by 0.14% to 0.9672 levels. The Swiss currency remains elevated as long as Euro holds higher against the greenback, just before Euro zone industrial production data which is expected to print y/y change at 0.7%, up from last month's 0.6%.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9713 (100-day SMA) and above which it could extend gains to 0.9722 (200-day SMA) levels. To the downside immediate support might be located at 0.9638 (Dec 2 Low) and below that at 0.9617 (Nov 28 Low) levels.
Currently, the EUR/USD pair is seen trading up at 1.2418 levels, which pushed USD/CHF lower by 0.14% to 0.9672 levels. The Swiss currency remains elevated as long as Euro holds higher against the greenback, just before Euro zone industrial production data which is expected to print y/y change at 0.7%, up from last month's 0.6%.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9713 (100-day SMA) and above which it could extend gains to 0.9722 (200-day SMA) levels. To the downside immediate support might be located at 0.9638 (Dec 2 Low) and below that at 0.9617 (Nov 28 Low) levels.