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23 Jun 2015
USD/CHF rejected at 0.9290
FXStreet (Mumbai) - The US dollar took a breather in its upsurge versus the Swiss franc in the European morning, pushing USD/CHF slightly lower from highs. The major rallied to a five-day high on the back of absolute greenback dominance across the FX space.
USD/CHF rises along with USD
Currently, the USD/CHF pair trades 0.59% higher at 0.9267, easing-off fresh session highs printed at 0.9290. The US dollar remains strongly bid supported by recent strong US fundamentals. While a number of macro releases to be released later in the US session are expected to further add to the greenback’s strength.
The dollar index which measures the greenback’s strength against its major peers, now trades 0.44% higher near fresh session lows of 94.93.
Moreover, the Swiss franc also weakened tracking losses from EUR/USD following failed Greece talks overnight disappointed markets yet again.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9290 (Today’s High) levels and above which it could extend gains to 0.9328 (June 17 High) levels. To the downside, immediate support might be located at 0.9214 (Today’s Low) levels and below that at 0.9160 levels.
USD/CHF rises along with USD
Currently, the USD/CHF pair trades 0.59% higher at 0.9267, easing-off fresh session highs printed at 0.9290. The US dollar remains strongly bid supported by recent strong US fundamentals. While a number of macro releases to be released later in the US session are expected to further add to the greenback’s strength.
The dollar index which measures the greenback’s strength against its major peers, now trades 0.44% higher near fresh session lows of 94.93.
Moreover, the Swiss franc also weakened tracking losses from EUR/USD following failed Greece talks overnight disappointed markets yet again.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9290 (Today’s High) levels and above which it could extend gains to 0.9328 (June 17 High) levels. To the downside, immediate support might be located at 0.9214 (Today’s Low) levels and below that at 0.9160 levels.