4 Jun 2015
USD/CHF erases losses and recovers from 2-week lows
FXStreet (Córdoba) - The Swiss franc rose sharply during the European session amid a decline in European government bonds but then reversed sharply and erased gains.
USD/CHF dropped from 0.9370 to 0.9265, reaching the lowest level since April 19. But the turned to the upside and is it was hovering around 0.9340/05, at the same level it had at the beginning of the day.
Greenback gained strength during the the last hours, boosted by a rebound and also by US economic data. Initial jobless claims decline more than expected, increasing expectations of a positive Non-Farm Payroll report to be released tomorrow.
USD/CHF technical levels
To the upside resistance levels ocul be located at 0.9360/70 (daily high), 0.9405 and 0.9445. On the opposite direction support might lie at 0.9330, 0.9300/05 (June 3 low) and 0.9275 (daily low).
USD/CHF dropped from 0.9370 to 0.9265, reaching the lowest level since April 19. But the turned to the upside and is it was hovering around 0.9340/05, at the same level it had at the beginning of the day.
Greenback gained strength during the the last hours, boosted by a rebound and also by US economic data. Initial jobless claims decline more than expected, increasing expectations of a positive Non-Farm Payroll report to be released tomorrow.
USD/CHF technical levels
To the upside resistance levels ocul be located at 0.9360/70 (daily high), 0.9405 and 0.9445. On the opposite direction support might lie at 0.9330, 0.9300/05 (June 3 low) and 0.9275 (daily low).