30 Jan 2015
USD/CHF consolidates above 0.9200
FXStreet (Córdoba) - USD/CHF entered a consolidation phase after printing its highest level since the SNB removed EUR/CHF floor 2 weeks ago, amid growing speculations the Swiss bank has been intervening in the FX market to weaken the franc.
USD/CHF climbed to a high of 0.9283, but lost momentum and settled in a range just below over the last hours as investors’ attention turns to the US gross domestic product data. At time of writing, the pair is trading at 0.9235, virtually unchanged on the day but on track to post a 5% weekly gain.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find next resistances at 0.9283 (daily high) and 0.9300 (psychological level). On the flip side, if the pair falls below 0.9200, next supports are seen at 0.9150 (intraday level Jan 29) and 0.9100 (psychological level).
USD/CHF climbed to a high of 0.9283, but lost momentum and settled in a range just below over the last hours as investors’ attention turns to the US gross domestic product data. At time of writing, the pair is trading at 0.9235, virtually unchanged on the day but on track to post a 5% weekly gain.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find next resistances at 0.9283 (daily high) and 0.9300 (psychological level). On the flip side, if the pair falls below 0.9200, next supports are seen at 0.9150 (intraday level Jan 29) and 0.9100 (psychological level).