25 Feb 2015
USD/CHF rejected at 0.95
FXStreet (Mumbai) - The USD/CHF pair was rejected earlier today 0.9500 levels as the USD witnessed a fresh bout of sell-off, which took the USD/CHF pair down to 0.9458 levels.
USD/CHF: hovers near hourly 100-MA
The pair is trading closer to the hourly 100-MA located at 0.9471 levels. The sell-off at the onset of the European session pushed the pair well below the hourly 50-MA at 0.9489 to a low of 0.9458. However, a slight recovery took the pair closer to 0.9471 levels. The focus remains on another round of Yellen testimony to the house today.
In the meantime, the Swiss UBS Consumption indicator, which declined to 1.24 from the previous figure of 1.42 failed to have a significant impact on the pair.
USD/CHF Technical Levels
The immediate resistance is seen at 0.9489, above which gains could be extended to 0.9518 levels. On the flip side, support is seen at 0.9458 and 0.94 (hourly 200-MA) levels.
USD/CHF: hovers near hourly 100-MA
The pair is trading closer to the hourly 100-MA located at 0.9471 levels. The sell-off at the onset of the European session pushed the pair well below the hourly 50-MA at 0.9489 to a low of 0.9458. However, a slight recovery took the pair closer to 0.9471 levels. The focus remains on another round of Yellen testimony to the house today.
In the meantime, the Swiss UBS Consumption indicator, which declined to 1.24 from the previous figure of 1.42 failed to have a significant impact on the pair.
USD/CHF Technical Levels
The immediate resistance is seen at 0.9489, above which gains could be extended to 0.9518 levels. On the flip side, support is seen at 0.9458 and 0.94 (hourly 200-MA) levels.