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3 Apr 2015
USD/CHF recovers from weekly lows near 0.9600
FXStreet (Mumbai) - USD/CHF trades subdued below 0.96 barrier in the European session, recovering from fresh weekly lows reached at 0.9557 levels in the previous session as all eyes are on US NFP report for fresh insights.
USD/CHF trades above 100-DMA
Currently, the USD/CHF trades flat at 0.9633, retreating from fresh session highs printed at 0.9610 levels. The pair trades lack lustre without a clear direction, although the USD bulls helped the US dollar recover from fresh on Thursday, despite a fresh set of US macro data which all came out better-than-anticipated.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades around a flat line at 97.7, consolidating losses from the previous session.
Meanwhile, traders have already shifted attention to Friday's non-farm payrolls as an upbeat reading could indicate a potential rate hike by the Federal Reserve (Fed) in the middle of 2015.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9610 levels and above which it could extend gains to 0.9629 (10-DMA) levels. To the downside, immediate support might be located at 0.9585 (100-DMA) levels and below that at 0.9528 (200-DMA) levels.
USD/CHF trades above 100-DMA
Currently, the USD/CHF trades flat at 0.9633, retreating from fresh session highs printed at 0.9610 levels. The pair trades lack lustre without a clear direction, although the USD bulls helped the US dollar recover from fresh on Thursday, despite a fresh set of US macro data which all came out better-than-anticipated.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades around a flat line at 97.7, consolidating losses from the previous session.
Meanwhile, traders have already shifted attention to Friday's non-farm payrolls as an upbeat reading could indicate a potential rate hike by the Federal Reserve (Fed) in the middle of 2015.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9610 levels and above which it could extend gains to 0.9629 (10-DMA) levels. To the downside, immediate support might be located at 0.9585 (100-DMA) levels and below that at 0.9528 (200-DMA) levels.