26 Mar 2015
USD/CHF hits fresh highs above 0.9650
FXStreet (Córdoba) - USD/CHF bounced sharply from 3-week lows and rose to the strongest level Tuesday. The pair reached a fresh high at 0.9656 and currently trades at 0.9650.
The US dollar strengthened across the board during the American session and erased all losses as stocks in Wall Street turned positive.
From the lows USD/CHF has risen more than 150 pips, breaking in the rally a short trend downtrend line. To the upside, immediate resistance now lies at 0.9665 and above at 0.9695 (Mar 24 high) and 0.9725 (Mar 20 low). On the opposite direction support could be located at 0.9620 (Mar 25 high) and 0.9580.
The US dollar strengthened across the board during the American session and erased all losses as stocks in Wall Street turned positive.
From the lows USD/CHF has risen more than 150 pips, breaking in the rally a short trend downtrend line. To the upside, immediate resistance now lies at 0.9665 and above at 0.9695 (Mar 24 high) and 0.9725 (Mar 20 low). On the opposite direction support could be located at 0.9620 (Mar 25 high) and 0.9580.