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7 Jan 2015
USD/CHF hits fresh daily highs
FXStreet (Mumbai) - The US dollar rallied against the Swiss franc today, extending its long stretch of gains, as the USD bulls jumped back in to the bids after a brief correction seen in the previous session.
Currently, the USD/CHF hit fresh daily highs at 1.0131 levels, gaining 0.30% on the day. The US dollar strengthened against the major currencies including Euro, which dragged the Swiss franc lower. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, jumped to fresh nine-year highs at 92.14, up 0.29% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.0290 (Jan 5 High) and above which it could extend gains to 1.0350 levels. To the downside, immediate support might be located at 1.0109 (Today’s Low) levels and below that at 1.0 levels.
Currently, the USD/CHF hit fresh daily highs at 1.0131 levels, gaining 0.30% on the day. The US dollar strengthened against the major currencies including Euro, which dragged the Swiss franc lower. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, jumped to fresh nine-year highs at 92.14, up 0.29% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.0290 (Jan 5 High) and above which it could extend gains to 1.0350 levels. To the downside, immediate support might be located at 1.0109 (Today’s Low) levels and below that at 1.0 levels.