The US dollar marched higher against the Swiss franc, heading towards 2010 highs as traders now await fresh US jobs data due for release tomorrow in absence of any significant data in the upcoming US session.
Currently, the USD/CHF traded at 1.0174 levels, up 0.30% on the day, having posted day’s high at 1.0187 levels some minutes ago. The US dollar traded at its highest levels in more than four years against the Swissie as markets now turn their attention towards US Labour Market report due tomorrow as also on US CPI and retails sales data due later this week.
The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, climbed to multi-year tops and posted fresh intraday highs at 92.50 levels, up 0.27% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.02 levels and above which it could extend gains to 1.0290 (Jan 5 High) levels. To the downside, immediate support might be located at 1.0118 (Today’s Low) levels and below that at 1.0 levels.
Currently, the USD/CHF traded at 1.0174 levels, up 0.30% on the day, having posted day’s high at 1.0187 levels some minutes ago. The US dollar traded at its highest levels in more than four years against the Swissie as markets now turn their attention towards US Labour Market report due tomorrow as also on US CPI and retails sales data due later this week.
The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, climbed to multi-year tops and posted fresh intraday highs at 92.50 levels, up 0.27% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.02 levels and above which it could extend gains to 1.0290 (Jan 5 High) levels. To the downside, immediate support might be located at 1.0118 (Today’s Low) levels and below that at 1.0 levels.
