16 Feb 2015
USD/CHF regains 0.9300
FXStreet (Mumbai) - USD/CHF trades modestly lower in the European session, erasing partial losses from the previous session as the US dollar regained strength versus major counterparts amid Greek jitters.
Back below 0.9300 levels
Currently, the USD/CHF traded lower by -0.14% at 0.9304 levels, hovering close to fresh session highs posted at 0.9326 levels some time ago. The pair reversed partial losses on the back of a renewed strength in the US dollar, as traders preferred to hold the reserve currency amid Greece-Euro group debt re-negotiations. The US dollar index, measuring the relative strength of the greenback versus six major currencies, rebounds from weekly lows and trades flat at 94.16 levels.
However, USD/CHF continues to trade around a flatline, extending its recovery path after the revocation of a cap rate on EUR/CHF. Meanwhile, the pair may remain underpinned amid low volumes as US remains closed on a national holiday.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9338 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9263 levels and below that at 0.9224 levels.
Back below 0.9300 levels
Currently, the USD/CHF traded lower by -0.14% at 0.9304 levels, hovering close to fresh session highs posted at 0.9326 levels some time ago. The pair reversed partial losses on the back of a renewed strength in the US dollar, as traders preferred to hold the reserve currency amid Greece-Euro group debt re-negotiations. The US dollar index, measuring the relative strength of the greenback versus six major currencies, rebounds from weekly lows and trades flat at 94.16 levels.
However, USD/CHF continues to trade around a flatline, extending its recovery path after the revocation of a cap rate on EUR/CHF. Meanwhile, the pair may remain underpinned amid low volumes as US remains closed on a national holiday.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9338 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9263 levels and below that at 0.9224 levels.