6 Mar 2015
USD/CHF consolidates important weekly gains
FXStreet (Córdoba) - The USD/CHF pair rose further during the American session amid a stronger US dollar and printed a fresh 1-month high at 0.9857. Currently the pair is hovering around 0.9850, headed toward the seventh daily gain in a row; before the NFP report was at 0.9750.
During the last five trading day the pair has risen more than 300 pips and is back at the level it had late in December after rising during seven consecutive weeks.
USD/CHF technical level
To the upside, resistance levels could be located at 0.9855/60 (daily high), 0.9890, 0.9915 (Dec 30 high) and 0.9955. On the opposite direction support might lie at 0.9800, 0.9750 (March 5 high) and 0.9695.
During the last five trading day the pair has risen more than 300 pips and is back at the level it had late in December after rising during seven consecutive weeks.
USD/CHF technical level
To the upside, resistance levels could be located at 0.9855/60 (daily high), 0.9890, 0.9915 (Dec 30 high) and 0.9955. On the opposite direction support might lie at 0.9800, 0.9750 (March 5 high) and 0.9695.