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26 Feb 2015
USD/CHF climbs to 6-week high
FXStreet (Córdoba) - USD/CHF picked up momentum during the American session and reached its highest level since the SNB removed the EUR/CHF floor, as the dollar reacted positively to the latest batch of US data.
USD/CHF rose nearly 100 pips from daily lows and peeped above the 100-day SMA to hit a fresh recovery high of 0.9545 before easing slightly. The pair is currently trading at 0.9540, 0.61% above its opening price, as the dollar takes a breather to consolidate recent gains.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find next resistances at 0.9545/0.9552 (daily high/Dec 2014 monthly low) and 0.9600 (psychological level). On the other hand, supports are seen at 0.9450 (daily low), 0.9400 (psychological level) and 0.9387 (Feb 23 low).
USD/CHF rose nearly 100 pips from daily lows and peeped above the 100-day SMA to hit a fresh recovery high of 0.9545 before easing slightly. The pair is currently trading at 0.9540, 0.61% above its opening price, as the dollar takes a breather to consolidate recent gains.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find next resistances at 0.9545/0.9552 (daily high/Dec 2014 monthly low) and 0.9600 (psychological level). On the other hand, supports are seen at 0.9450 (daily low), 0.9400 (psychological level) and 0.9387 (Feb 23 low).