30 Jan 2015
USD/CHF hits fresh 2-Week highs
FXStreet (Mumbai) - USD/CHF jumped to highest levels post SNB led collapse, extending it’s upwards trajectory as the USD remains supported ahead of a batch of crucial US data due out later today.
Highest levels since SNB shock
Currently, the USD/CHF traded flat at 0.9243 levels, having posted fresh session highs at 0.9255 levels few minutes ago. The pair continues to remain elevated as the US dollar remains broadly underpinned after strong unemployment claims data in the US last session. Moreover, the Swiss franc also remains pressured by expectations that the SNB will intervene in the market to prevent the appreciation of the currency.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9350 levels. To the downside, immediate support might be located at 0.9100 levels and below that at 0.9058 levels.
Highest levels since SNB shock
Currently, the USD/CHF traded flat at 0.9243 levels, having posted fresh session highs at 0.9255 levels few minutes ago. The pair continues to remain elevated as the US dollar remains broadly underpinned after strong unemployment claims data in the US last session. Moreover, the Swiss franc also remains pressured by expectations that the SNB will intervene in the market to prevent the appreciation of the currency.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9350 levels. To the downside, immediate support might be located at 0.9100 levels and below that at 0.9058 levels.