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5 Jan 2015
USD/CHF trades above 1.0 handle, highest since Sept 2010
FXStreet (Mumbai) - The US dollar marched higher against the Swiss franc in the European morning, hitting the highest levels since September 2010 after the US dollar rallied to fresh six year highs.
Currently, the USD/CHF pair trades 0.31% higher on the day at 1.0046 levels, after having hit fresh four year highs at 1.0077 levels earlier in the day. USD/CHF continued its uptrend on broad based US dollar strength against its peers as it reaches new multi-year peak. The dollar index, which measures the strength of the greenback against basket of six major currencies, hit a new six-year peak at 91.92 levels, just falling a hairline short off the 92 levels mark.
USD/CHF Levels to consider
To the upside, the next resistance is located at 1.0077 (Today’s High) levels and above which it could extend gains to 1.0150 (Sept 2010) levels. To the downside immediate support might be located at 1.0 levels and below that at 0.9950 levels.
Currently, the USD/CHF pair trades 0.31% higher on the day at 1.0046 levels, after having hit fresh four year highs at 1.0077 levels earlier in the day. USD/CHF continued its uptrend on broad based US dollar strength against its peers as it reaches new multi-year peak. The dollar index, which measures the strength of the greenback against basket of six major currencies, hit a new six-year peak at 91.92 levels, just falling a hairline short off the 92 levels mark.
USD/CHF Levels to consider
To the upside, the next resistance is located at 1.0077 (Today’s High) levels and above which it could extend gains to 1.0150 (Sept 2010) levels. To the downside immediate support might be located at 1.0 levels and below that at 0.9950 levels.