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27 Aug 2015
USD/CHF jumps to 0.9595 post US GDP
FXStreet (New York) - The US Dollar rallied against the Swiss Franc following the better than expected US GDP. After jumping 70 pips from 0.9525 to 0.9595. Currently, USD/CHF is trading at 0.9576, up 0.29% on the day, having posted a daily high at 0.9597 and low at 0.9513.
The US Q2 GDP was revise higher today to 3.7% from previously reported of 2.3%; a way above expectations. The previous quarter’s GDP was 0.6%.
USD/CHF levels
USD/CHF spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
If the pair manages to extend gains above 0.9595, next quick resistance will be 0.9600 and then 0.9620 and 0.9660. To the downside, supports are at 0.9560, 0.9550 and 0.9515.
The US Q2 GDP was revise higher today to 3.7% from previously reported of 2.3%; a way above expectations. The previous quarter’s GDP was 0.6%.
USD/CHF levels
USD/CHF spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
If the pair manages to extend gains above 0.9595, next quick resistance will be 0.9600 and then 0.9620 and 0.9660. To the downside, supports are at 0.9560, 0.9550 and 0.9515.