12 Feb 2014
USD/CHF reaches 6-day high
FXStreet (Córdoba) - The USD/CHF surged to fresh weekly highs during the European trade as the franc weakened in tandem with the euro.
The USD/CHF gained more than 70 pips throughout the day, breaking above the 0.9000 psychological level, and reached a 6-day peak of 0.9037 before losing momentum and pulling back. At time of writing, the pair is trading at the 0.9020 area, recording a 0.5% rise on the day. On the macroeconomic domain, the Swiss January CPI showed the lack of any inflationary pressures.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find immediate resistances at 0.9037 (Feb 12 high), 0.9062 (Feb 6 high) and 0.9080 (Feb 3 high). On the downside, supports are seen at 0.9000 (psychological level), 0.8965 (Feb 12 low) and 0.8940 (Feb 11 low).
The USD/CHF gained more than 70 pips throughout the day, breaking above the 0.9000 psychological level, and reached a 6-day peak of 0.9037 before losing momentum and pulling back. At time of writing, the pair is trading at the 0.9020 area, recording a 0.5% rise on the day. On the macroeconomic domain, the Swiss January CPI showed the lack of any inflationary pressures.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find immediate resistances at 0.9037 (Feb 12 high), 0.9062 (Feb 6 high) and 0.9080 (Feb 3 high). On the downside, supports are seen at 0.9000 (psychological level), 0.8965 (Feb 12 low) and 0.8940 (Feb 11 low).