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11 Mar 2015
USD/CHF extends gains above 1.0000
FXStreet (Córdoba) - USD/CHF broke above the parity level for the first time since the Swiss National Bank turmoil and jumped to 1.0089. Afterwards pulled back modestly and it was trading at 1.0050, up 0.60% for the day.
The pair is rising for the ninth time out of the last ten trading days and since the beginning of March rose more than 500 pips. The US dollar is trading back near January highs and it has recovered most of the decline that followed the decision of the SNB to abandon the EUR/CHF cap.
The rally of the USD/CHF pair lost strength near 1.0100 that is the new key short term resistance level. Above, the next resistance levels to watch might lie at 1.0115, 1.0215 (Jan 8 high) and 1.0240 (2015 high).
The pair is rising for the ninth time out of the last ten trading days and since the beginning of March rose more than 500 pips. The US dollar is trading back near January highs and it has recovered most of the decline that followed the decision of the SNB to abandon the EUR/CHF cap.
The rally of the USD/CHF pair lost strength near 1.0100 that is the new key short term resistance level. Above, the next resistance levels to watch might lie at 1.0115, 1.0215 (Jan 8 high) and 1.0240 (2015 high).