8 Apr 2015
USD/CHF reaches daily highs after Fed minutes
FXStreet (Córdoba) - USD/CHF rose to marginal new daily highs as the dollar strengthened after Fed minutes showed several FOMC members see June hike as possible.
The dollar was lifted across the board and rose to a weekly high of 0.9674 versus the franc as the knee-jerk reaction. Despite the short-lived spike, USD/CHF remains within its recent range as investors digest the minutes. The pair has eased a tad from highs and it was last trading 0.12% below its opening price at 0.9645.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find next resistances 0.9674 (Apr 8 & 2 high) and 0.9692 (Mar 24 & 27 high). On the other hand, supports are seen at 0.9600/0.9590 (psychological level/100-day SMA) and 0.9573 (50-day SMA).
The dollar was lifted across the board and rose to a weekly high of 0.9674 versus the franc as the knee-jerk reaction. Despite the short-lived spike, USD/CHF remains within its recent range as investors digest the minutes. The pair has eased a tad from highs and it was last trading 0.12% below its opening price at 0.9645.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find next resistances 0.9674 (Apr 8 & 2 high) and 0.9692 (Mar 24 & 27 high). On the other hand, supports are seen at 0.9600/0.9590 (psychological level/100-day SMA) and 0.9573 (50-day SMA).