Back
6 Feb 2015
USD/CHF capped by 5-DMA
FXStreet (Mumbai) - USD/CHF advanced in the Asian trade, reversing losses from the previous session. However, the pair continued to trade in a tight band as markets now eye the crucial US NFP numbers due for release later today.
Consolidates above 0.9220 levels
Currently, the USD/CHF traded 0.22% higher at 0.9230 levels, having previously posted day’s highs at 0.9243 levels. The pair edged higher as the US dollar strengthened across the board. The US dollar index, measuring the relative strength of the greenback versus six major currencies reversed previous losses and traders 0.12% higher at 93.78 levels. USD/CHF is likely to remain elevated ahead of the crucial US NFP data which may provide fresh cues on the pair.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday uptrend persists as long as the 0.9222 is breached.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9222 levels and below that at 0.9200 levels.
Consolidates above 0.9220 levels
Currently, the USD/CHF traded 0.22% higher at 0.9230 levels, having previously posted day’s highs at 0.9243 levels. The pair edged higher as the US dollar strengthened across the board. The US dollar index, measuring the relative strength of the greenback versus six major currencies reversed previous losses and traders 0.12% higher at 93.78 levels. USD/CHF is likely to remain elevated ahead of the crucial US NFP data which may provide fresh cues on the pair.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday uptrend persists as long as the 0.9222 is breached.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9222 levels and below that at 0.9200 levels.