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31 Dec 2014
USD/CHF advances, USD bulls back in charge
FXStreet (Mumbai) - The US dollar edged higher against the Swiss franc in the early European morning, as the US dollar bulls jumped back into the bids, after a brief reversal seen yesterday.
Currently, the USD/CHF pair trades 0.09% higher at 0.9895 on the day, after having hit fresh day’s high at 0.9902 levels, some minutes ago. USD/CHF continued its uptrend on broad based US dollar strength against its peers. The dollar index, which measures the strength of the greenback against basket of six major currencies, advanced to trade at 90.32 levels, up from day’s low hit at 90.16.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9920 (Today’s high) levels and above which it could extend gains to 0.9950 (Aug 2012 High) levels. To the downside immediate support might be located at 0.9884 (5-DMA) levels and below that at 0.9868 (10-DMA) levels.
Currently, the USD/CHF pair trades 0.09% higher at 0.9895 on the day, after having hit fresh day’s high at 0.9902 levels, some minutes ago. USD/CHF continued its uptrend on broad based US dollar strength against its peers. The dollar index, which measures the strength of the greenback against basket of six major currencies, advanced to trade at 90.32 levels, up from day’s low hit at 90.16.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9920 (Today’s high) levels and above which it could extend gains to 0.9950 (Aug 2012 High) levels. To the downside immediate support might be located at 0.9884 (5-DMA) levels and below that at 0.9868 (10-DMA) levels.