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15 Apr 2015
USD/CHF extends beyond 0.9740
FXStreet (Mumbai) - USD/CHF advanced in the early European trades, extending its gradual recovery mode, as the US dollar regained lost ground somewhat against its major competitors ahead of a flurry of US economic release later today.
USD/CHF supported above 0.97
Currently, the USD/CHF trades higher by 0.17% at 0.9742, retreating from fresh session highs posted at 0.9755 last hours. The pair edged higher largely on the back of US dollar on the rise after witnessing a drop below 0.97 barrier in the previous on dismal US economic data.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades higher by 0.15% at 99.16, retreating from session highs at 99.28.
Meanwhile, the Swiss franc may take cues from the shared currency ahead of ECB meeting and later from a host of US economic releases for further momentum on the pair.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9800 levels and above which it could extend gains to 0.9850 levels. To the downside, immediate support might be located at 0.9700 levels and below that at 0.9668 levels.
USD/CHF supported above 0.97
Currently, the USD/CHF trades higher by 0.17% at 0.9742, retreating from fresh session highs posted at 0.9755 last hours. The pair edged higher largely on the back of US dollar on the rise after witnessing a drop below 0.97 barrier in the previous on dismal US economic data.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades higher by 0.15% at 99.16, retreating from session highs at 99.28.
Meanwhile, the Swiss franc may take cues from the shared currency ahead of ECB meeting and later from a host of US economic releases for further momentum on the pair.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9800 levels and above which it could extend gains to 0.9850 levels. To the downside, immediate support might be located at 0.9700 levels and below that at 0.9668 levels.