3 Dec 2014
USD/CHF rises to fresh 1-year highs
FXStreet (Córdoba) - USD/CHF broke above 0.9735 and jumped to 0.9764, hitting a fresh 2014 high. The pair is consolidating above 0.9740, where previous highs lie.
Greenback is rising versus the Euro and the Swiss franc after weak economic data from the Euro Zone and ahead of tomorrow’s European Central Bank meeting. But before, in a about an hour, at 13:15 GMT, the ADP private employment report will be release in the US and could impact the US dollar.
USD/CHF moving toward 0.9800
The pair remains near the highs, holding a bullish tone. To the upside, the next resistance could be located at 0.9790 (May 29, 2013 high) and above here attention would turn to 0.9800 and 0.9835/40, where 2013 highs lie. To the downside immediate support might be located at 0.9745 and below here at 0.9725.
Greenback is rising versus the Euro and the Swiss franc after weak economic data from the Euro Zone and ahead of tomorrow’s European Central Bank meeting. But before, in a about an hour, at 13:15 GMT, the ADP private employment report will be release in the US and could impact the US dollar.
USD/CHF moving toward 0.9800
The pair remains near the highs, holding a bullish tone. To the upside, the next resistance could be located at 0.9790 (May 29, 2013 high) and above here attention would turn to 0.9800 and 0.9835/40, where 2013 highs lie. To the downside immediate support might be located at 0.9745 and below here at 0.9725.