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14 Jan 2015
USD/CHF heads towards 4-1/2 year highs
FXStreet (Mumbai) - The US dollar advanced against the Swiss franc, for the third straight session on broad based US dollar strength.
Currently, the USD/CHF traded at 1.0230 levels, up 0.36% on the day, having posted day’s high at 1.0240 levels some minutes ago. The Swiss franc fell versus the US dollar mainly on Euro weakness after the single currency fell to fresh nine-year lows against the greenback. Moreover, a strengthening US dollar index also pushed the pair higher. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, edged higher and trades now at 92.56, up 0.13% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.029 levels and above which it could extend gains to 1.033 levels. To the downside, immediate support might be located at 1.0132 levels and below that at 1.0 levels.
Currently, the USD/CHF traded at 1.0230 levels, up 0.36% on the day, having posted day’s high at 1.0240 levels some minutes ago. The Swiss franc fell versus the US dollar mainly on Euro weakness after the single currency fell to fresh nine-year lows against the greenback. Moreover, a strengthening US dollar index also pushed the pair higher. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, edged higher and trades now at 92.56, up 0.13% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.029 levels and above which it could extend gains to 1.033 levels. To the downside, immediate support might be located at 1.0132 levels and below that at 1.0 levels.