8 Dec 2014
USD/CHF back below 0.9800
FXStreet (Córdoba) - US dollar retreated across the board and trimmed recent gains after staging a sharp rally on the back of strong US nonfarm payrolls figures last week.
USD/CHF turned lower after hitting a 19-month high of 0.9817, and fell all the way back toward 0.9775 in recent dealings as the franc continues to track euro moves. At time of writing, USD/CHF is trading at 0.9780, little changed on the day.
USD/CHF levels to watch
On the upside, immediate resistances are seen at 0.9817 (2014 high Dec 5) and 0.9839 (May 2013 high). On the downside, supports could be found at 0.9773 (daily low) and 0.9700/0.9698 (psychological level/10-day SMA).
USD/CHF turned lower after hitting a 19-month high of 0.9817, and fell all the way back toward 0.9775 in recent dealings as the franc continues to track euro moves. At time of writing, USD/CHF is trading at 0.9780, little changed on the day.
USD/CHF levels to watch
On the upside, immediate resistances are seen at 0.9817 (2014 high Dec 5) and 0.9839 (May 2013 high). On the downside, supports could be found at 0.9773 (daily low) and 0.9700/0.9698 (psychological level/10-day SMA).