11 Feb 2015
USD/CHF trades above 5-DMA
FXStreet (Mumbai) - USD/CHF remained supported in calm Asian trading, extending its accumulation phase as traders continued to absorb solid macro data from the US last session.
Inches towards daily highs
Currently, the USD/CHF traded 0.09% higher at 0.9270 levels, consolidating in a tight range between 0.9258 and 0.9275 levels. The pair stays elevated on upbeat US job data which raised expectations of the Fed’s rate hike plans sooner than anticipated. The pair continues to trade showing little volatility recently as traders have been trying to find the appropriate value ever since the Swiss National Bank's (SNB) cap removal.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9350 levels. To the downside, immediate support might be located at 0.9210 levels and below that at 0.9193 levels.
Inches towards daily highs
Currently, the USD/CHF traded 0.09% higher at 0.9270 levels, consolidating in a tight range between 0.9258 and 0.9275 levels. The pair stays elevated on upbeat US job data which raised expectations of the Fed’s rate hike plans sooner than anticipated. The pair continues to trade showing little volatility recently as traders have been trying to find the appropriate value ever since the Swiss National Bank's (SNB) cap removal.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9350 levels. To the downside, immediate support might be located at 0.9210 levels and below that at 0.9193 levels.