8 May 2014
USD/CHF rockets to 0.8800
FXStreet (San Francisco) - The USD/CHF is currently trading higher amid Mario Draghi's speech, its negative correlation with the EUR/USD and the US jobs data.
The USD/CHF rallied 90 pips from 0.8700 post speech to break above 0.8765 and to reach nearly 1-week high at 0.8795.
Currently, USD/CHF is trading at 0.8784, up 0.27% on the day, having posted a daily high at 0.8798 and low at 0.8703. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/CHF levels
The pair would face next resistances at 0.8800, 0.8840 (May 2 high) and 0.8850 (Apr 30 high). On the downside, supports are seen at 0.8725 and 0.8700.
The USD/CHF rallied 90 pips from 0.8700 post speech to break above 0.8765 and to reach nearly 1-week high at 0.8795.
Currently, USD/CHF is trading at 0.8784, up 0.27% on the day, having posted a daily high at 0.8798 and low at 0.8703. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/CHF levels
The pair would face next resistances at 0.8800, 0.8840 (May 2 high) and 0.8850 (Apr 30 high). On the downside, supports are seen at 0.8725 and 0.8700.