18 Feb 2015
USD/CHF rises to fresh recovery high
FXStreet (Córdoba) - USD/CHF extended gains to its highest level since the SNB removed the franc cap on Jan 15 as the franc has continued to weaken over the last sessions and the greenback advances versus most competitors ahead of FOMC minutes.
USD/CHF broke above 0.9400 and climbed to a high of 0.9434 after bouncing strongly from the 200-day SMA earlier on the day. At time of writing, the pair is trading at 0.9430, 0.67% above its opening price.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate resistances at 0.9490 (50-day SMA) and 0.9543 (100-day SMA). On the other hand, supports are seen at 0.9315 (200-day SMA) and 0.9300 (psychological level).
USD/CHF broke above 0.9400 and climbed to a high of 0.9434 after bouncing strongly from the 200-day SMA earlier on the day. At time of writing, the pair is trading at 0.9430, 0.67% above its opening price.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate resistances at 0.9490 (50-day SMA) and 0.9543 (100-day SMA). On the other hand, supports are seen at 0.9315 (200-day SMA) and 0.9300 (psychological level).