10 Mar 2015
USD/CHF wavers around 0.9900
FXStreet (Mumbai) - USD/CHF continues its recovery mode from the SNB peg removal slump, surpassing 0.99 mark, as the USD bulls takes charge and drives the USD/CHF cross in sight of parity.
USD/CHF eyes 1.00 handle
Currently, the USD/CHF trades higher by 0.49% at 0.9906 levels, hovering close to fresh eight-week highs posted at 0.9915 levels in the Asian session. The pair extends its upward moves in sync with the strengthening US dollar index to the tune of 0.49%.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies jumped to fresh twelve year highs and now trades at 98.08 levels, recording a 0.49% gain on the day.
Meanwhile, traders now await Swiss employment data for further incentives on the pair as there is no significant US macro data in the day ahead.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9915 levels and above which it could extend gains to 1.00 levels. To the downside, immediate support might be located at 0.9882 (10-DMA) levels and below that at 0.9831 (50-DMA) levels.
USD/CHF eyes 1.00 handle
Currently, the USD/CHF trades higher by 0.49% at 0.9906 levels, hovering close to fresh eight-week highs posted at 0.9915 levels in the Asian session. The pair extends its upward moves in sync with the strengthening US dollar index to the tune of 0.49%.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies jumped to fresh twelve year highs and now trades at 98.08 levels, recording a 0.49% gain on the day.
Meanwhile, traders now await Swiss employment data for further incentives on the pair as there is no significant US macro data in the day ahead.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9915 levels and above which it could extend gains to 1.00 levels. To the downside, immediate support might be located at 0.9882 (10-DMA) levels and below that at 0.9831 (50-DMA) levels.