17 Mar 2015
USD/CHF bounces-off 1.0100
FXStreet (Mumbai) - The US dollar gave back previous gains versus the Swiss franc in the European morning and fell in to red, knocking off USD/CHF closer to 1.00 handle, mainly driven by renewed US dollar weakness across the board.
USD/CHF falls from 1.0092
Currently, the USD/CHF drops -0.17% and trades at 1.0056 levels, rebounding from session highs previously posted at 1.0092. The pair reversed gains and edged lower higher largely on persistent US dollar weakness against its major competitors after bearish US manufacturing sector data continue to weigh.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades fell to 99.99, recording a -0.15% loss on the day.
Meanwhile, traders now turn their attention towards key US housing data, as FOMC commences its two-day policy meeting later today.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.0100 levels and above which it could extend gains to 1.0131 levels. To the downside, immediate support might be located at 1.00 levels and below that at 0.9966 levels.
USD/CHF falls from 1.0092
Currently, the USD/CHF drops -0.17% and trades at 1.0056 levels, rebounding from session highs previously posted at 1.0092. The pair reversed gains and edged lower higher largely on persistent US dollar weakness against its major competitors after bearish US manufacturing sector data continue to weigh.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades fell to 99.99, recording a -0.15% loss on the day.
Meanwhile, traders now turn their attention towards key US housing data, as FOMC commences its two-day policy meeting later today.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.0100 levels and above which it could extend gains to 1.0131 levels. To the downside, immediate support might be located at 1.00 levels and below that at 0.9966 levels.