7 Jan 2015
USD/CHF extends gains to fresh highs
FXStreet (Córdoba) - Moving inversely with EUR/USD, USD/CHF rose to yet fresh 4-year highs during the American session, as the greenback was underpinned by strong ADP and trade balance data.
USD/CHF extended gains and printed a peak of 1.0175, last seen September 2010, before losing momentum and settling in a slim range near highs. At time of writing, USD/CHF is trading at 1.0160, recording a 0.59% gain on the day ahead of the Federal Reserve minutes.
The franc has been under pressure versus the dollar weighed by euro weakness and the Swiss National Bank decision to set negative interest rates starting Jan 21.
USD/CHF levels to watch
On the upside, if USD/CHF breaks above 1.0175, next resistances are seen at 1.0200 (psychological level) and 1.0278 (monthly high Sep 2010). On the downside, supports could be found at 1.0100 (psychological level) and 1.0040 (Jan 6 low).
USD/CHF extended gains and printed a peak of 1.0175, last seen September 2010, before losing momentum and settling in a slim range near highs. At time of writing, USD/CHF is trading at 1.0160, recording a 0.59% gain on the day ahead of the Federal Reserve minutes.
The franc has been under pressure versus the dollar weighed by euro weakness and the Swiss National Bank decision to set negative interest rates starting Jan 21.
USD/CHF levels to watch
On the upside, if USD/CHF breaks above 1.0175, next resistances are seen at 1.0200 (psychological level) and 1.0278 (monthly high Sep 2010). On the downside, supports could be found at 1.0100 (psychological level) and 1.0040 (Jan 6 low).