22 Jan 2014
USD/CHF hits daily highs
FXstreet.com (Córdoba) - The USD/CHF rose somewhat and hit fresh daily highs during the European session as the franc weakened slightly on the back of disappointing Swiss ZEW survey.
ZEW economic expectations for Switzerland fell to 36.4 points in January 2014 from 39.4 the previous month and missing forecast of 44.0. The USD/CHF advanced modestly to a high of 0.9122 but lacked follow-through. At time of writing, the USD/CHF is trading at the 0.9115 zone, recording a 0.2% gain on the day.
USD/CHF levels to watch
As for technical levels, immediate resistances are seen at 0.9122 (Jan 22 high), 0.9155 (Jan 21 high) and 0.9188/9 (Nov 21 & 20 highs). On the flip side, supports are seen at 0.9092 (Jan 22 low) and 0.9073 (100-day SMA).
ZEW economic expectations for Switzerland fell to 36.4 points in January 2014 from 39.4 the previous month and missing forecast of 44.0. The USD/CHF advanced modestly to a high of 0.9122 but lacked follow-through. At time of writing, the USD/CHF is trading at the 0.9115 zone, recording a 0.2% gain on the day.
USD/CHF levels to watch
As for technical levels, immediate resistances are seen at 0.9122 (Jan 22 high), 0.9155 (Jan 21 high) and 0.9188/9 (Nov 21 & 20 highs). On the flip side, supports are seen at 0.9092 (Jan 22 low) and 0.9073 (100-day SMA).