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11 May 2015
USD/CHF advances beyond 0.9300
FXStreet (Mumbai) - USD/CHF prolongs its upward trajectory for the third straight session in the European morning, largely tracking the upbeat momentum in the US dollar across the board, supported by better than expected US labour market report released on Friday last week.
USD/CHF supported at 0.93 handle
Currently, the USD/CHF trades 0.32% higher at 0.9327, rejected at the key 0.9350 barrier. The pair remained elevated on persistent US dollar strength against its major competitors with the DXY higher by 0.26% at 95.16 levels.
Further, broad euro weakness as Greece takes centre stage today, keeps the Swiss franc undermined, pushing USD/CHF higher. While, markets now await Greece headlines from the upcoming Euro group meetings and US macro data due later in the day for further momentum on USD/CHF.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9350 levels and above which it could extend gains to 0.9415 levels. To the downside, immediate support might be located at 0.9300 levels and below that at 0.9272 levels.
USD/CHF supported at 0.93 handle
Currently, the USD/CHF trades 0.32% higher at 0.9327, rejected at the key 0.9350 barrier. The pair remained elevated on persistent US dollar strength against its major competitors with the DXY higher by 0.26% at 95.16 levels.
Further, broad euro weakness as Greece takes centre stage today, keeps the Swiss franc undermined, pushing USD/CHF higher. While, markets now await Greece headlines from the upcoming Euro group meetings and US macro data due later in the day for further momentum on USD/CHF.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9350 levels and above which it could extend gains to 0.9415 levels. To the downside, immediate support might be located at 0.9300 levels and below that at 0.9272 levels.