USD/CHF hits fresh 1-year highs

FXStreet (Córdoba) - USD/CHF jumped from 0.9620 to 0.9718, reaching the strongest levels since July 2013 during Draghi’s press conference. The pair failed to hold above 0.9700 and pulled back modestly. The Swiss franc rose marginally versus the euro after ECB words but reversed against the pound erasing all gains.

After Wall Street opening bell it was trading at 0.9690/95, up 0.50% for the day, headed toward the highesday daily close in a year.

USD/CHF technical levels

To the upside, immediate resistance could be located at 0.9700 and above here at 0.9720 (daily high) followed by 0.9750. Support might be located at 0.9665 (Nov 5 high) and below here at 0.9635 (intraday level) and 0.9600/05 (daily low).

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