Back
20 Apr 2015
USD/CHF testing highs near 0.9540
FXStreet (Mumbai) - USD/CHF halted its five consecutive days of declines and advanced in the European trades, bouncing-off 0.95 handle, as the US dollar resumed its upward moves from the previous session following better than expected US macro data.
USD/CHF near session highs
Currently, the USD/CHF trades higher by 0.19% at 0.9538, retreating from a spike to fresh session highs posted at 0.9546 some minutes ago. The pair edged higher largely on the back of resumption of the US dollar uptrend against its major rivals after Friday’s US data cheered markets, coming in better than forecasts.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies jumped to fresh session highs at 97.93 and now trades at 97.84, up 0.23% on the day.
Meanwhile, the US dollar may remain the major driver for the pair today in absence of significant economic releases across the globe.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9587 levels and above which it could extend gains to 0.9617 levels. To the downside, immediate support might be located at 0.9500 levels and below that at 0.9477 levels.
USD/CHF near session highs
Currently, the USD/CHF trades higher by 0.19% at 0.9538, retreating from a spike to fresh session highs posted at 0.9546 some minutes ago. The pair edged higher largely on the back of resumption of the US dollar uptrend against its major rivals after Friday’s US data cheered markets, coming in better than forecasts.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies jumped to fresh session highs at 97.93 and now trades at 97.84, up 0.23% on the day.
Meanwhile, the US dollar may remain the major driver for the pair today in absence of significant economic releases across the globe.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9587 levels and above which it could extend gains to 0.9617 levels. To the downside, immediate support might be located at 0.9500 levels and below that at 0.9477 levels.