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9 Feb 2015
USD/CHF sinks to fresh session lows
FXStreet (Mumbai) - USD/CHF fell to fresh session lows in the European session, although continues its side trend after failing multiple times to breach 0.9300 levels.
Faces stiff resistance at 10-DMA
Currently, the USD/CHF traded -0.30% lower at 0.9236 levels, having previously posted fresh day’s low at 0.9223 levels. The pair declined on a profit booking rally after the impressive US jobs data on Friday boosted the USD. However, the US dollar eases and trades lower against its major counterparts. The US dollar index, measuring the relative strength of the greenback versus six major currencies trades lower by -0.28% at 94.58 levels.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downtrend persists as long as the 0.9485 is breached.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9222 levels and below that at 0.9200 levels.
Faces stiff resistance at 10-DMA
Currently, the USD/CHF traded -0.30% lower at 0.9236 levels, having previously posted fresh day’s low at 0.9223 levels. The pair declined on a profit booking rally after the impressive US jobs data on Friday boosted the USD. However, the US dollar eases and trades lower against its major counterparts. The US dollar index, measuring the relative strength of the greenback versus six major currencies trades lower by -0.28% at 94.58 levels.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downtrend persists as long as the 0.9485 is breached.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9347 levels. To the downside, immediate support might be located at 0.9222 levels and below that at 0.9200 levels.