12 May 2014
USD/CHF rises to 0.8881, 5-week high
FXStreet (Córdoba) - The US dollar continued to rise against the Swiss Franc on Monday and reached a 5-week high at 0.8881 during the American session. Afterwards the USD/CHF pulled back and now trades at 0.8875, up 0.15% from today’s opening price.
The pair is headed toward the fourth daily gain in row, extending the recovery from levels near 0.8700 and about to post the highest daily close since July 7.
Levels to watch for USD/CHF
The US dollar continues to hold a bullish tone against the Swissy. To the upside above 0.8880, attention would turn to 0.8900 a psychological level, then the next resistance might lie at 0.8930 and 0.8950.
To the downside, the immediate support is located at 0.8850/55 and then 0.8830 and 0.8805.
The pair is headed toward the fourth daily gain in row, extending the recovery from levels near 0.8700 and about to post the highest daily close since July 7.
Levels to watch for USD/CHF
The US dollar continues to hold a bullish tone against the Swissy. To the upside above 0.8880, attention would turn to 0.8900 a psychological level, then the next resistance might lie at 0.8930 and 0.8950.
To the downside, the immediate support is located at 0.8850/55 and then 0.8830 and 0.8805.