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2 Sep 2015
USD/CHF printing highs near 0.9650
FXStreet (Edinburgh) - The prevailing bid tone around the greenback is allowing USD/CHF to post fresh daily tops in the vicinity of 0.9650.
USD/CHF firmer on strong USD
The pair has seen its upside renewed following a better sentiment towards the US dollar against a backdrop of a positive open in the European markets today. The pair is advancing for the third consecutive session so far, while keeping the recovery from recent lows in the mid-0.9200s alive.
Ahead in the day, US ADP Employment Report (201K exp.), Factory Orders (0.9% MoM exp.) and the Fed’s beige Book will set the tone for the dollar in the NA session.
USD/CHF levels to consider
As of writing the pair is advancing 0.61% at 0.9646 facing the next hurdle at 0.9690 (high Aug.31) followed by 0.9770 (high Aug.20) and then 0.9796 (high Aug.18). On the flip side, a breakdown of 0.9578 (low Sep.2) would aim for 0.9569 (low Sep.1) and finally 0.9519 (low Aug.27).
USD/CHF firmer on strong USD
The pair has seen its upside renewed following a better sentiment towards the US dollar against a backdrop of a positive open in the European markets today. The pair is advancing for the third consecutive session so far, while keeping the recovery from recent lows in the mid-0.9200s alive.
Ahead in the day, US ADP Employment Report (201K exp.), Factory Orders (0.9% MoM exp.) and the Fed’s beige Book will set the tone for the dollar in the NA session.
USD/CHF levels to consider
As of writing the pair is advancing 0.61% at 0.9646 facing the next hurdle at 0.9690 (high Aug.31) followed by 0.9770 (high Aug.20) and then 0.9796 (high Aug.18). On the flip side, a breakdown of 0.9578 (low Sep.2) would aim for 0.9569 (low Sep.1) and finally 0.9519 (low Aug.27).