25 Feb 2015
USD/CHF wavers below 0.9500
FXStreet (Mumbai) - USD/CHF recovered partial losses in the European session, and remains weak as the pair continues to test 0.95 barrier ahead of US macro data.
USD/CHF rises from 0.9466 levels
Currently, the USD/CHF traded moderately lower by -0.10% at 0.9498 levels, retreating from session highs lows at 0.9466 levels. The pair steadied during European session, stuck in a tight range below 0.95 mark, with all the dips being bought, but on the other hand, every jump to that level was sold-off. Traders seem to be in search of fresh incentives for the pair, awaiting Federal Reserve Chair Yellen’s testimony before House later today.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downtrend persists until 0.9508 levels are breached.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9524 levels and above which it could extend gains to 0.9537 levels. To the downside, immediate support might be located at 0.9466 levels and below that at 0.9404 levels.
USD/CHF rises from 0.9466 levels
Currently, the USD/CHF traded moderately lower by -0.10% at 0.9498 levels, retreating from session highs lows at 0.9466 levels. The pair steadied during European session, stuck in a tight range below 0.95 mark, with all the dips being bought, but on the other hand, every jump to that level was sold-off. Traders seem to be in search of fresh incentives for the pair, awaiting Federal Reserve Chair Yellen’s testimony before House later today.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downtrend persists until 0.9508 levels are breached.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9524 levels and above which it could extend gains to 0.9537 levels. To the downside, immediate support might be located at 0.9466 levels and below that at 0.9404 levels.