22 Dec 2014
GBP/CHF falls during the European session
FXStreet (Mumbai) - The GBP/CHF pair extended losses during the European session today, ending the three-day rally to trade near the technical support on the daily chart located at 1.5326.
The pair traded 0.35% lower at 1.5327 at the time of writing, compared to the previous session’s close of 1.5375 levels. The Swiss franc came under pressure during the second half of the last week after the Swiss National Bank pushed the interest rate into the negative territory. However, the GBP/CHF pair declined today tracking a fall in the GBP/USD pair amid an empty data docket across Europe. The GBP/USD pair is down from the high of 1.5666, to trade 0.065 lower at 1.5619. On the other hand, the USD/CHF pair too, has declined 0.31% to trade at 0.9810 levels.
GBP/CHF Technical Levels
The pair has an immediate support at 1.5326 (Dec. 8 high), under which losses could be extended to 1.5300 levels. Meanwhile, resistance is seen at 1.5362 (Dec. 3 high) and 1.5401 (Dec. 19 high).
The pair traded 0.35% lower at 1.5327 at the time of writing, compared to the previous session’s close of 1.5375 levels. The Swiss franc came under pressure during the second half of the last week after the Swiss National Bank pushed the interest rate into the negative territory. However, the GBP/CHF pair declined today tracking a fall in the GBP/USD pair amid an empty data docket across Europe. The GBP/USD pair is down from the high of 1.5666, to trade 0.065 lower at 1.5619. On the other hand, the USD/CHF pair too, has declined 0.31% to trade at 0.9810 levels.
GBP/CHF Technical Levels
The pair has an immediate support at 1.5326 (Dec. 8 high), under which losses could be extended to 1.5300 levels. Meanwhile, resistance is seen at 1.5362 (Dec. 3 high) and 1.5401 (Dec. 19 high).