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27 Mar 2015
USD/CHF capped by 0.97
FXStreet (Mumbai) - USD/CHF extends its upward trajectory and reaches fresh four day highs just shy of 0.97 mark during the European session as a generalized risk-on sentiment returned boosting the USD bulls.
USD/CHF supported above 5-DMA
Currently, the USD/CHF trades higher by 0.48% at 0.9677, retreating from fresh four day highs printed at 0.9693 levels. The pair firms in the European morning as traders prefer to hold the reserve currency on revival of risk-on moods as the Middle East geopolitical tensions faded.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.56% at 98.09 levels.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9693 levels and above which it could extend gains to 0.9751 levels. To the downside, immediate support might be located at 0.9624 levels and below that at 0.9549 levels.
USD/CHF supported above 5-DMA
Currently, the USD/CHF trades higher by 0.48% at 0.9677, retreating from fresh four day highs printed at 0.9693 levels. The pair firms in the European morning as traders prefer to hold the reserve currency on revival of risk-on moods as the Middle East geopolitical tensions faded.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.56% at 98.09 levels.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9693 levels and above which it could extend gains to 0.9751 levels. To the downside, immediate support might be located at 0.9624 levels and below that at 0.9549 levels.