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31 Mar 2015
USD/CHF flirting with 0.97
FXStreet (Mumbai) - USD/CHF emerged higher in the Asian session, attempting another run towards 0.97 handle, as the greenback extends is upside momentum against its major competitors.
USD/CHF rises from 0.9660
Currently, the USD/CHF trades higher by 0.20% at 0.9689, retreating from session lows printed at 0.9659 levels. The pair rallies this session largely on the persistent strength seen in the US dollar following better than expected US pending home sales and Core PCR price index data released yesterday.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.24% at 98.54.
Meanwhile, the pair remains supported ahead of upcoming US economic releases later in the day which may provide further dollar moves.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9751 levels and above which it could extend gains to 0.9813 levels. To the downside, immediate support might be located at 0.9660 levels and below that at 0.9600 levels.
USD/CHF rises from 0.9660
Currently, the USD/CHF trades higher by 0.20% at 0.9689, retreating from session lows printed at 0.9659 levels. The pair rallies this session largely on the persistent strength seen in the US dollar following better than expected US pending home sales and Core PCR price index data released yesterday.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.24% at 98.54.
Meanwhile, the pair remains supported ahead of upcoming US economic releases later in the day which may provide further dollar moves.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9751 levels and above which it could extend gains to 0.9813 levels. To the downside, immediate support might be located at 0.9660 levels and below that at 0.9600 levels.