12 Jan 2015
USD/CHF ticks up on renewed USD strength
FXStreet (Mumbai) - The US dollar advanced against the Swiss franc, reversing two back-to back days of losses as USD bulls jumped back into the bids in the mid-European session.
Currently, the USD/CHF traded at 1.0166 levels, up 0.22% on the day, having posted day’s high at 1.0173 levels some minutes ago. The US dollar regained footing versus its major counterparts, reversing losses from below-estimates US payrolls data released on Friday. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, edged higher and trades now at intraday high levels at 92.42, up 0.25% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.02 levels and above which it could extend gains to 1.0290 (Jan 5 High) levels. To the downside, immediate support might be located at 1.0118 (Today’s Low) levels and below that at 1.0 levels.
Currently, the USD/CHF traded at 1.0166 levels, up 0.22% on the day, having posted day’s high at 1.0173 levels some minutes ago. The US dollar regained footing versus its major counterparts, reversing losses from below-estimates US payrolls data released on Friday. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, edged higher and trades now at intraday high levels at 92.42, up 0.25% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.02 levels and above which it could extend gains to 1.0290 (Jan 5 High) levels. To the downside, immediate support might be located at 1.0118 (Today’s Low) levels and below that at 1.0 levels.