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15 Dec 2014
USD/CHF climbs higher, 0.97 handle in sight
FXStreet (Mumbai) - The US dollar regained strength against the Swiss franc and traded higher during mid-European session, possibly on the back of short covering after the greenback hit weekly lows against the Swissie on Friday.
Currently, the USD/CHF pair is seen trading up at 0.9672 levels, up 0.37%, compared to previous session’s close of 0.9638 levels. The Swiss currency gave up last week’s gains against US counterpart and remains pressured as the US dollar index, which measures the greenback against a basket of six major currencies including the Swiss Franc, marched 0.18% higher to trade at 88.52.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9700 (Dec 12 High) and above which it could extend gains to 0.9720 (200-day SMA) levels. To the downside immediate support might be located at 0.9638 (Dec 2 Low) and below that at 0.9617 (Nov 28 Low) levels.
Currently, the USD/CHF pair is seen trading up at 0.9672 levels, up 0.37%, compared to previous session’s close of 0.9638 levels. The Swiss currency gave up last week’s gains against US counterpart and remains pressured as the US dollar index, which measures the greenback against a basket of six major currencies including the Swiss Franc, marched 0.18% higher to trade at 88.52.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9700 (Dec 12 High) and above which it could extend gains to 0.9720 (200-day SMA) levels. To the downside immediate support might be located at 0.9638 (Dec 2 Low) and below that at 0.9617 (Nov 28 Low) levels.