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24 Feb 2015
USD/CHF wavers above 0.9500
FXStreet (Mumbai) - USD/CHF extended its solid run gains and advanced in the early European morning, as the USD bulls jumped back into the bids after a brief withdrawal seen in the US last session amid weak existing home sales.
USD/CHF on its way to fresh monthly highs
Currently, the USD/CHF traded moderately higher by 0.09% at 0.9507 levels, retreating from fresh session highs posted at 0.9520 levels some time ago. The pair extended gains ahead of Europe open on a robust recovery in the US dollar after drifting lower in the previous session on worse-than-expected update of US existing home sales data.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday uptrend persists ahead of Swiss employment data and the key event - Federal Reserve Chair Janet Yellen’s congressional testimony.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9526 levels and above which it could extend gains to 0.9537 levels. To the downside, immediate support might be located at 0.9480 levels and below that at 0.9404 levels.
USD/CHF on its way to fresh monthly highs
Currently, the USD/CHF traded moderately higher by 0.09% at 0.9507 levels, retreating from fresh session highs posted at 0.9520 levels some time ago. The pair extended gains ahead of Europe open on a robust recovery in the US dollar after drifting lower in the previous session on worse-than-expected update of US existing home sales data.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday uptrend persists ahead of Swiss employment data and the key event - Federal Reserve Chair Janet Yellen’s congressional testimony.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9526 levels and above which it could extend gains to 0.9537 levels. To the downside, immediate support might be located at 0.9480 levels and below that at 0.9404 levels.