18 Dec 2014
USD/CHF hits fresh 17-month high after SNB sets negative interest rates
FXStreet (Mumbai) - The US dollar jumped against the Swiss franc, extending gains from the previous session after the Switzerland National Bank (SNB) set the deposit rate at -0.25%.
Currently, the USD/CHF pair is seen trading at 0.9819 levels, up 0.91%, compared to previous session’s close of 0.9730 levels. The Swiss currency slipped against the US dollar after SNB introduced negative interest rates and set the deposit rate at -0.25% today, after keeping interest rates unchanged on Dec 11.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9838 (May 2013 High) and above which it could extend gains to 0.9898 (Aug 2012 High) levels. To the downside immediate support might be located at 0.9748 (5-day SMA) and below that at 0.9713 (20-day SMA) levels.
Currently, the USD/CHF pair is seen trading at 0.9819 levels, up 0.91%, compared to previous session’s close of 0.9730 levels. The Swiss currency slipped against the US dollar after SNB introduced negative interest rates and set the deposit rate at -0.25% today, after keeping interest rates unchanged on Dec 11.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9838 (May 2013 High) and above which it could extend gains to 0.9898 (Aug 2012 High) levels. To the downside immediate support might be located at 0.9748 (5-day SMA) and below that at 0.9713 (20-day SMA) levels.