26 Aug 2015
USD/CHF trims gains near 0.9430
FXStreet (Mumbai) - The USD/CHF extends its upbeat momentum in to the European session, as traders continue to favour the US currency amid stabilizing financial markets and also on the back of the recently releases impressive US fundamentals.
USD/CHF rises from 0.9385
Currently, the USD/CHF pair trades 0.50% lower at 0.9438, having posted session highs at 0.9455 levels. The bid tone around the USD/CHF pair keeps growing bigger tracking gains from the American dollar amid PBOC-led improved risk sentiment.
While the focus shifts back to key US macro data – durable goods orders due to be published later today following above estimates US consumer confidence and home sales data released on Tuesday which also keeps the USD boosted.
On the CHF-side, the UBS Consumption Indicator was reported early today which increased again slightly in July. However, the data is likely to have little impact on the Swissie.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9455 (Today’s High) levels and above which it could extend gains 0.9509 (Aug 25 High) levels. To the downside, immediate support might be located at 0.9385 (Today’s Low) levels and below that at 0.9329 (July 10 Low) levels.
USD/CHF rises from 0.9385
Currently, the USD/CHF pair trades 0.50% lower at 0.9438, having posted session highs at 0.9455 levels. The bid tone around the USD/CHF pair keeps growing bigger tracking gains from the American dollar amid PBOC-led improved risk sentiment.
While the focus shifts back to key US macro data – durable goods orders due to be published later today following above estimates US consumer confidence and home sales data released on Tuesday which also keeps the USD boosted.
On the CHF-side, the UBS Consumption Indicator was reported early today which increased again slightly in July. However, the data is likely to have little impact on the Swissie.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9455 (Today’s High) levels and above which it could extend gains 0.9509 (Aug 25 High) levels. To the downside, immediate support might be located at 0.9385 (Today’s Low) levels and below that at 0.9329 (July 10 Low) levels.