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USD/CHF rises back above 0.9700

FXstreet.com (Córdoba) - The US dollar has extended gains at the beginning of the NY session, climbing back above the 0.9700 mark versus the franc to reach its highest in 4 days.

USD/CHF managed to climb above the 0.9710 area, which offered interim resistance, and stretched to a high of 0.9749 before easing a tad. At time of writing, USD/CHF is trading at the 0.9715 area, where it records a 0.5% daily gain.

In terms of technical levels, immediate resistance levels are seen at 0.9749 (daily high) and 0.9760 (2013 high) followed by 0.9775 (high Aug 17). On the downside, supports could be found at 0.9675 (100-hour SMA) and 0.9653 (daily low).

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