23 Dec 2014
USD/CHF trades close to 2-yr High
FXStreet (Mumbai) - The US dollar steadied against the Swiss franc today, trading close to two-year high at 0.9851 levels recorded in the previous session.
Currently, the USD/CHF pair is seen trading unchanged at 0.9836 levels, after clocking day’s high of 0.9846 earlier in the day. The US dollar eased slightly against the Swiss currency ahead of a heavy macro data led US session. The dollar index, which measures the greenback’s strength against six major currencies, retreated slightly from multi-year high of 89.99 levels reached yesterday to trade at 89.91 now.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9851 (Dec 22 High) and above which it could extend gains to 0.9898 (Aug 2012 High) levels. To the downside immediate support might be located at 0.98 levels and below that at 0.9782 (Dec 19 Low) levels.
Currently, the USD/CHF pair is seen trading unchanged at 0.9836 levels, after clocking day’s high of 0.9846 earlier in the day. The US dollar eased slightly against the Swiss currency ahead of a heavy macro data led US session. The dollar index, which measures the greenback’s strength against six major currencies, retreated slightly from multi-year high of 89.99 levels reached yesterday to trade at 89.91 now.
USD/CHF Levels to consider
To the upside, the next resistance is located at 0.9851 (Dec 22 High) and above which it could extend gains to 0.9898 (Aug 2012 High) levels. To the downside immediate support might be located at 0.98 levels and below that at 0.9782 (Dec 19 Low) levels.