9 Jan 2015
USD/CHF snaps gains, eyes US jobs data
FXStreet (Mumbai) - The US dollar ticked down against the Swiss franc today, snapping its long run of gains as traders eyed US employment data for fresh direction on the currency pair.
Currently, the USD/CHF traded at 1.0179 levels, down -0.10% on the day, having posted day’s low at 1.0166 levels. The US dollar strengthened eased versus the major amid speculation that the data may not come out in support of US dollar after a slightly bearish US jobless claims data released yesterday. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, retreated from nine-year highs levels and trades now at 92.47, down -0.11% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.02 levels and above which it could extend gains to 1.0290 (Jan 5 High) levels. To the downside, immediate support might be located at 1.0109 (Today’s Low) levels and below that at 1.0 levels.
Currently, the USD/CHF traded at 1.0179 levels, down -0.10% on the day, having posted day’s low at 1.0166 levels. The US dollar strengthened eased versus the major amid speculation that the data may not come out in support of US dollar after a slightly bearish US jobless claims data released yesterday. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, retreated from nine-year highs levels and trades now at 92.47, down -0.11% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.02 levels and above which it could extend gains to 1.0290 (Jan 5 High) levels. To the downside, immediate support might be located at 1.0109 (Today’s Low) levels and below that at 1.0 levels.