16 Oct 2015
USD/CHF fails near Thursday’s highs and retreats
FXStreet (Mumbai) - The broad based US dollar strength failed to lift the USD/CHF pair beyond Thursday’s highs recorded at 0.9555, with the major now hovering around the hourly 5-SMA.
USD/CHF supported at 0.9504
Currently, the USD/CHF pair trades 0.35% higher at 0.9543, easing-off fresh session highs posted at 0.9554. The USD/CHF pair keep its upbeat momentum intact and now heads higher mainly driven by the renewed buying interest seen in the US dollar against its major competitors. The USD index climbs 0.34% to 94.75 levels.
The greenback remains supported against the Swiss currency following the release of impressive US macro data on Thursday, which reignited Dec 2015 Fed rate hike chatter.
In the day ahead, a series of US economic data will influence the major while the sentiment on the Wall Street will also play a key role.
USD/CHF Technical Levels
To the upside, the next resistance is located 0.9554/0.9555 (Oct 15 High & Today’s High) levels and above which it could extend gains to 0.9618 (hourly 200-SMA). To the downside, immediate support might be located at 0.9500 (round number) and below that at 0.9473 (Oct 15 Low) levels.
USD/CHF supported at 0.9504
Currently, the USD/CHF pair trades 0.35% higher at 0.9543, easing-off fresh session highs posted at 0.9554. The USD/CHF pair keep its upbeat momentum intact and now heads higher mainly driven by the renewed buying interest seen in the US dollar against its major competitors. The USD index climbs 0.34% to 94.75 levels.
The greenback remains supported against the Swiss currency following the release of impressive US macro data on Thursday, which reignited Dec 2015 Fed rate hike chatter.
In the day ahead, a series of US economic data will influence the major while the sentiment on the Wall Street will also play a key role.
USD/CHF Technical Levels
To the upside, the next resistance is located 0.9554/0.9555 (Oct 15 High & Today’s High) levels and above which it could extend gains to 0.9618 (hourly 200-SMA). To the downside, immediate support might be located at 0.9500 (round number) and below that at 0.9473 (Oct 15 Low) levels.