USD/CHF finds resistance at 0.9660; back to 0.9630

FXStreet (San Francisco) - The USD/CHF rally from 0.9580 broke above 0.9650 before touching November 3 highs at 0.9660 the highs of November 3 at 0.9660 where the pair found some selling interest that sent it back to 0.9630.

Currently, USD/CHF is trading at 0.9641, up 0.39% on the day, having posted a daily high at 0.9664 and low at 0.9584. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

USD/CHF levels

If the pair remains below the 0.9650, it will find supports at 0.9630, 0.9600 and 0.9580. To the upside, resistances are at 0.9660, 0.9690 and 0.9700.

Somewhat in limbo awaiting ECB / NFP’s - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the dollar is stalling on advances as we await further impetus.
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