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8 Jan 2015
USD/CHF reaches fresh highs above 1.0200
FXStreet (Córdoba) - USD/CHF extended gains on Thursday and climbed above 1.0200 for first time since September 2010 as the dollar extends gains versus its European rivals.
USD/CHF rose to a fresh 4-year high of 1.0216 ahead of the Wall Street opening and continues to trade above the 1.02 mark, recording its sixth daily gain in a row. The franc has been weakening tracking euro to multi-year lows versus the greenback and weighed by the SNB decision to set negative interest rates.
USD/CHF levels to watch
In terms of technical levels, on the upside immediate resistances are seen at 1.0278 (monthly high Sep 2010) and 1.0300 (psychological level). On the downside, supports could be found at 1.0093 (Jan 7 low) and 1.0040 (Jan 6 low).
USD/CHF rose to a fresh 4-year high of 1.0216 ahead of the Wall Street opening and continues to trade above the 1.02 mark, recording its sixth daily gain in a row. The franc has been weakening tracking euro to multi-year lows versus the greenback and weighed by the SNB decision to set negative interest rates.
USD/CHF levels to watch
In terms of technical levels, on the upside immediate resistances are seen at 1.0278 (monthly high Sep 2010) and 1.0300 (psychological level). On the downside, supports could be found at 1.0093 (Jan 7 low) and 1.0040 (Jan 6 low).