16 Feb 2015
USD/CHF steadies below 0.9300
FXStreet (Mumbai) - USD/CHF steadies below 0.9300 levels, bouncing-off session lows during the early European morning, on a continued US dollar weakness on a series of downbeat US macro data released during the last week.
Back below 0.9300
Currently, the USD/CHF traded -0.27% lower at 0.9293 levels and remains below day’s highs posted at 0.9319 levels at the open. The pair remained in red as a sustained bearish tone prevailed in the US dollar against its major counterparts after consumer confidence unexpectedly fell in Feb from a 11-year peak on Friday. The US dollar index, measuring the relative strength of the greenback versus six major currencies, trades lower by -0.19% at 94.06 levels, hovering around monthly lows.
Meanwhile, USD/CHF continues to trade around a flatline, extending its recovery path after the revocation of a cap rate on EUR/CHF. Moreover, a general intraday downtrend persists until 0.9319 levels is breached as traders now await further updates on the Greece front for fresh cues on the pair as US remains closed on a national holiday.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9319 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9263 levels and below that at 0.9224 levels.
Back below 0.9300
Currently, the USD/CHF traded -0.27% lower at 0.9293 levels and remains below day’s highs posted at 0.9319 levels at the open. The pair remained in red as a sustained bearish tone prevailed in the US dollar against its major counterparts after consumer confidence unexpectedly fell in Feb from a 11-year peak on Friday. The US dollar index, measuring the relative strength of the greenback versus six major currencies, trades lower by -0.19% at 94.06 levels, hovering around monthly lows.
Meanwhile, USD/CHF continues to trade around a flatline, extending its recovery path after the revocation of a cap rate on EUR/CHF. Moreover, a general intraday downtrend persists until 0.9319 levels is breached as traders now await further updates on the Greece front for fresh cues on the pair as US remains closed on a national holiday.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9319 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9263 levels and below that at 0.9224 levels.