10 Mar 2015
USD/CHF climbs further, hits fresh 2-month highs
FXStreet (Córdoba) - USD/CHF continues to move toward parity, having extended gains to its highest level since the SNB abandoned the fran cap on January 15.
Underpinned by broad dollar strength, USD/CHF pushed higher and printed fresh 2-month high of 0.9969 in recent dealings. At time of writing, the pair is trading at 0.9965, recording a 1.12% gain on Tuesday.
While prospects of a rate hike by the Fed are lifting the greenback, recent chatter about the the Swiss government considering to set up a new EUR/CHF floor are hurting the franc.
USD/CHF levels to watch
As for technical levels, on the upside immediate resistances line up at 1.0000 (psychological level) and 1.0070 (100-month SMA). On the flip side, supports are seen at 0.9852 (daily low) and 0.9824 (Mar 9 low).
Underpinned by broad dollar strength, USD/CHF pushed higher and printed fresh 2-month high of 0.9969 in recent dealings. At time of writing, the pair is trading at 0.9965, recording a 1.12% gain on Tuesday.
While prospects of a rate hike by the Fed are lifting the greenback, recent chatter about the the Swiss government considering to set up a new EUR/CHF floor are hurting the franc.
USD/CHF levels to watch
As for technical levels, on the upside immediate resistances line up at 1.0000 (psychological level) and 1.0070 (100-month SMA). On the flip side, supports are seen at 0.9852 (daily low) and 0.9824 (Mar 9 low).