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29 Dec 2014
USD/CHF consolidates near 2-year high
FXStreet (Córdoba) - USD/CHF inched lower and hit a fresh daily low during the European session, as the franc tracks euro’s moves.
USD/CHF stalled once again just a couple of pips shy of its 2 ½-year high of 0.9885 and faced mild downward pressure that sent the pair to a daily low of 0.9842 during the European session. At time of writing, the pair is trading at 0.9870, virtually unchanged on the day.
USD/CHF technical levels
As for technical levels, USD/CHF could find next resistances at 0.9885 (2014 high Dec 23) and 0.9900 (psychological level), while immediate supports are seen at 0.9836 (Dec 26 low) and 0.9804 (Dec 22 low).
USD/CHF stalled once again just a couple of pips shy of its 2 ½-year high of 0.9885 and faced mild downward pressure that sent the pair to a daily low of 0.9842 during the European session. At time of writing, the pair is trading at 0.9870, virtually unchanged on the day.
USD/CHF technical levels
As for technical levels, USD/CHF could find next resistances at 0.9885 (2014 high Dec 23) and 0.9900 (psychological level), while immediate supports are seen at 0.9836 (Dec 26 low) and 0.9804 (Dec 22 low).