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17 Apr 2014
USD/CHF extends gains above 0.8800
FXStreet (Córdoba) - The USD/CHF bounced from 0.8775 and rose back above 0.8800. In the last hour, on the back of a strong US dollar across the board, reached a fresh daily high at 0.8825.
Currently trades near the highs, headed toward the fourth daily gain in a row, continuing its recovery from 1-month lows at 0.8740.
Levels to watch for USD/CHF
To the upside immediate resistance could be located at yesterday's highs that lie at 0.8830 and above here at 0.8845/50 (April 9 high) and 0.8870. To the downside the USD/CHF might find support at 0.8800 and below here at 0.8775 (daily low) and 0.8755.
Currently trades near the highs, headed toward the fourth daily gain in a row, continuing its recovery from 1-month lows at 0.8740.
Levels to watch for USD/CHF
To the upside immediate resistance could be located at yesterday's highs that lie at 0.8830 and above here at 0.8845/50 (April 9 high) and 0.8870. To the downside the USD/CHF might find support at 0.8800 and below here at 0.8775 (daily low) and 0.8755.