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4 Dec 2014
USD/CHF hits a fresh 1-1/2 yr high
FXStreet (Mumbai) - The Swiss Franc extended its downside bias hitting a fresh 1-1/2 year high at 0.9765, highest since June 2013.
The USD/CHF pair was seen trading at 0.9771 levels, at the time of writing. Broad-based US dollar strength witnessed during the European hours hammered the Swiss Franc as well. The Swiss franc remains subdued ahead of the ECB Monetary Policy Meeting which will be followed by ECB President Draghi’s press conference where he would be announcing growth and inflation projections.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9790 and above which it could extend gains to 0.9804 (May 2013 High) levels. To the downside immediate support might be located at 0.9755 and below that at 0.9725.
The USD/CHF pair was seen trading at 0.9771 levels, at the time of writing. Broad-based US dollar strength witnessed during the European hours hammered the Swiss Franc as well. The Swiss franc remains subdued ahead of the ECB Monetary Policy Meeting which will be followed by ECB President Draghi’s press conference where he would be announcing growth and inflation projections.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9790 and above which it could extend gains to 0.9804 (May 2013 High) levels. To the downside immediate support might be located at 0.9755 and below that at 0.9725.