27 Apr 2015
USD/CHF lifted around 0.9560
FXStreet (Mumbai) - The US dollar manages to fight back lost ground versus the Swiss currency in the European session, lifting USD/CHF closer towards 0.96 barrier, as the greenback erased previous losses and regained strength across as markets now await FOMC statement for further momentum.
USD/CHF retraces from 0.9585 highs
Currently, the USD/CHF trades 0.17% higher at 0.9560, having posted day’s high at 0.9585 and day’s low at 0.9528. The pair remains elevated as the US dollar was heavily bid versus its major counterparts while a weaker euro also drags the Swiss franc lower, thereby pushing USD/CHF higher.
Meanwhile, markets now await US services PMI reading later in the day, in absence of significant EUR macro data in the session ahead.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9585 (Today’s High) levels and above which it could extend gains to 0.9600 levels. To the downside, immediate support might be located at 0.9525 levels and below that at 0.9477 levels.
USD/CHF retraces from 0.9585 highs
Currently, the USD/CHF trades 0.17% higher at 0.9560, having posted day’s high at 0.9585 and day’s low at 0.9528. The pair remains elevated as the US dollar was heavily bid versus its major counterparts while a weaker euro also drags the Swiss franc lower, thereby pushing USD/CHF higher.
Meanwhile, markets now await US services PMI reading later in the day, in absence of significant EUR macro data in the session ahead.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9585 (Today’s High) levels and above which it could extend gains to 0.9600 levels. To the downside, immediate support might be located at 0.9525 levels and below that at 0.9477 levels.