7 Apr 2015
USD/CHF extends beyond 0.9600
FXStreet (Mumbai) - USD/CHF >extends its upward trajectory for the second straight session, attempting another run towards 0.97 handle, as the greenback staged a robust come-back against its major competitors following the NFP-slump.
USD/CHF spikes from 0.9569
Currently, the USD/CHF trades higher by 0.34% at 0.9621, retreating from session highs printed at 0.9645 levels an hour ago. The pair rallied this session largely on the extension of USD strength, regaining composure after unfavourable US NFP induced losses.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.62% at fresh three day highs near 97.82.
Meanwhile, the gains in USD/CHF remains capped after the Swiss Franc was boosted by upbeat data which showed that Switzerland's foreign-currency reserves rose ₣522.3 billion ($545.7 billion) in March, from ₣509.3 billion in February.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9750 levels and above which it could extend gains to 0.9677 levels. To the downside, immediate support might be located at 0.9600 levels and below that at 0.9557 levels.
USD/CHF spikes from 0.9569
Currently, the USD/CHF trades higher by 0.34% at 0.9621, retreating from session highs printed at 0.9645 levels an hour ago. The pair rallied this session largely on the extension of USD strength, regaining composure after unfavourable US NFP induced losses.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.62% at fresh three day highs near 97.82.
Meanwhile, the gains in USD/CHF remains capped after the Swiss Franc was boosted by upbeat data which showed that Switzerland's foreign-currency reserves rose ₣522.3 billion ($545.7 billion) in March, from ₣509.3 billion in February.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9750 levels and above which it could extend gains to 0.9677 levels. To the downside, immediate support might be located at 0.9600 levels and below that at 0.9557 levels.