25 May 2015
USD/CHF revisits Friday's highs
FXStreet (Córdoba) - Despite low liquidity and non existent interest, USD/CHF managed to push a tad higher and is retesting daily highs at the 0.9450 zone.
USD/CHF bounced off a daily low of 0.9403 at the beginning of the European session and managed to rise about 50 pips throughout the day. The dollar is consolidating Friday’s gains underpinned by solid US CPI figures and Yellen’s speech. At time of writing, the pair is trading at 0.9354, recording a 0.24% gain on the day.
USD/CHF technical levels
In terms of technical levels, a decisive break above 0.9455 would pave the way toward 0.9489 (100-day SMA) and then 0.9510 (200-day SMA). On the other hand, supports are seen at 0.9403 (daily low), 0.9320 (21-day SMA) and 0.9300 (psychological level).
USD/CHF bounced off a daily low of 0.9403 at the beginning of the European session and managed to rise about 50 pips throughout the day. The dollar is consolidating Friday’s gains underpinned by solid US CPI figures and Yellen’s speech. At time of writing, the pair is trading at 0.9354, recording a 0.24% gain on the day.
USD/CHF technical levels
In terms of technical levels, a decisive break above 0.9455 would pave the way toward 0.9489 (100-day SMA) and then 0.9510 (200-day SMA). On the other hand, supports are seen at 0.9403 (daily low), 0.9320 (21-day SMA) and 0.9300 (psychological level).