1 Dec 2014
USD/CHF moves off daily lows
FXStreet (Córdoba) - USD/CHF touched a 4-day at the beginning of the American session but recovered some ground after stronger-than-expected US data.
ISM manufacturing PMI edged marginally lower to 58.7 from 59.0 in October, signaling US economy remains on relatively strong footing. The dollar trimmed losses across the board and moved off lows versus the Swissy.
USD/CHF climbed from a low of 0.9614 to an hourly high of 0.9645 but remained in negative ground for the day. At time of writing, USD/CHF is trading at 0.9638, still down 0.25% on the day.
USD/CHF technical levels
As for technical levels, USD/CHF could find immediate resistances at 0.9687 (daily high) and 0.9697/0.9700 (Nov 25 high/psychological level). On the other hand, supports are seen at 0.9614 (daily low) and 0.9600/0.9598 (psychological level/Nov 27 low).
ISM manufacturing PMI edged marginally lower to 58.7 from 59.0 in October, signaling US economy remains on relatively strong footing. The dollar trimmed losses across the board and moved off lows versus the Swissy.
USD/CHF climbed from a low of 0.9614 to an hourly high of 0.9645 but remained in negative ground for the day. At time of writing, USD/CHF is trading at 0.9638, still down 0.25% on the day.
USD/CHF technical levels
As for technical levels, USD/CHF could find immediate resistances at 0.9687 (daily high) and 0.9697/0.9700 (Nov 25 high/psychological level). On the other hand, supports are seen at 0.9614 (daily low) and 0.9600/0.9598 (psychological level/Nov 27 low).