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2 Jan 2015
USD/CHF hits a fresh four-year high
FXStreet (Mumbai) - The US dollar marched higher against the Swiss franc in the late Asian morning, hitting the highest levels since December 2010 after the US dollar sits at a six-year perch.
Currently, the USD/CHF pair trades 0.41% higher on the day at 0.9974 levels, after having hit fresh four year highs at 0.9982 levels, some minutes ago. USD/CHF continued its uptrend on broad based US dollar strength against its peers as it reaches new multi-year top. The dollar index, which measures the strength of the greenback against basket of six major currencies, hit a six-year peak at 90.99 levels, just falling a hairline short off the 100 levels mark.
USD/CHF Levels to consider
To the upside, the next resistance is located at 1.003 (Nov 2010 Close) levels and above which it could extend gains to 1.0064 (Dec 2010 High) levels. To the downside immediate support might be located at 0.9946 (Today’s low) levels and below that at 0.99 levels.
Currently, the USD/CHF pair trades 0.41% higher on the day at 0.9974 levels, after having hit fresh four year highs at 0.9982 levels, some minutes ago. USD/CHF continued its uptrend on broad based US dollar strength against its peers as it reaches new multi-year top. The dollar index, which measures the strength of the greenback against basket of six major currencies, hit a six-year peak at 90.99 levels, just falling a hairline short off the 100 levels mark.
USD/CHF Levels to consider
To the upside, the next resistance is located at 1.003 (Nov 2010 Close) levels and above which it could extend gains to 1.0064 (Dec 2010 High) levels. To the downside immediate support might be located at 0.9946 (Today’s low) levels and below that at 0.99 levels.