7 Jan 2015
USD/CHF hits fresh 4-year highs
FXStreet (Córdoba) - USD/CHF pushed higher and printed fresh 4-year highs as the dollar continues to strengthen versus European counterparts ahead of the Federal Reserve minutes.
USD/CHF broke above 1.0135 and reached its highest level since September 2010 at 1.0160 as EUR/USD slid to fresh 9-year lows during the European session. At time of writing, USD/CHF is trading at 1.0155, recording a 0.54% gain Wednesday.
Besides tracking euro weakness, the franc has been also feeling the pressure of the SNB decision to set negative interest rates starting Jan 21.
USD/CHF supports and resistances
In terms of technical levels, if USD/CHF breaks above 1.0160, next resistances are seen at 1.0200 (psychological level) and 1.0278 (monthly high Sep 2010). On the flip side, supports could be found at 1.0100 (psychological level) and 1.0040 (Jan 6 low).
USD/CHF broke above 1.0135 and reached its highest level since September 2010 at 1.0160 as EUR/USD slid to fresh 9-year lows during the European session. At time of writing, USD/CHF is trading at 1.0155, recording a 0.54% gain Wednesday.
Besides tracking euro weakness, the franc has been also feeling the pressure of the SNB decision to set negative interest rates starting Jan 21.
USD/CHF supports and resistances
In terms of technical levels, if USD/CHF breaks above 1.0160, next resistances are seen at 1.0200 (psychological level) and 1.0278 (monthly high Sep 2010). On the flip side, supports could be found at 1.0100 (psychological level) and 1.0040 (Jan 6 low).