Back
15 Dec 2014
USD/CHF reaches fresh daily highs
FXStreet (Córdoba) - USD/CHF pushed higher and hit fresh daily highs during the European session moving inversely with EUR/USD.
The dollar bounced from session lows at the 0.9630 area versus the Swissy and climbed to a high of 0.9673, as greenback picked up momentum versus European rivals. At time of writing, USD/CHF is trading at 0.9670, 0.44% above its opening price.
On the data front, Swiss producer and import prices dropped 0.7% in November versus an increase of 0.2% expected, contributing to CHF weakness.
USD/CHF levels to watch
As for technical levels, immediate resistances are seen at 0.9678 (100-hour SMA), 0.9698/0.9700 (Dec 12 high/psychological level) and 0.9718 (200-hour SMA). On the other hand, supports could be found at 0.9618 (Dec 12 low), 0.9605 (50-day SMA) and 0.9552 (Nov 20 low).
The dollar bounced from session lows at the 0.9630 area versus the Swissy and climbed to a high of 0.9673, as greenback picked up momentum versus European rivals. At time of writing, USD/CHF is trading at 0.9670, 0.44% above its opening price.
On the data front, Swiss producer and import prices dropped 0.7% in November versus an increase of 0.2% expected, contributing to CHF weakness.
USD/CHF levels to watch
As for technical levels, immediate resistances are seen at 0.9678 (100-hour SMA), 0.9698/0.9700 (Dec 12 high/psychological level) and 0.9718 (200-hour SMA). On the other hand, supports could be found at 0.9618 (Dec 12 low), 0.9605 (50-day SMA) and 0.9552 (Nov 20 low).