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USD/CHF hits fresh 14-month high above 0.9500

FXStreet (Córdoba) - USD/CHF extended gains and printed a fresh 14-month high Thursday as the greenback continues to strengthen across the board amid diverging rate outlooks between the Federal Reserve and other major central banks.

While the Fed is expected to start its rate hiking cycle in 2015, speculations have been growing the Swiss National Bank could even set negative interest rates.

USD/CHF rose for a second day in a row and broke above 0.9500 to hit its highest level since July 2013 at 0.9514 before easing back below 0.9500. At time of writing, the pair is trading at 0.9495, recording a 0.43% gain on the day.

USD/CHF levels to watch

In terms of technical level, immediate resistances are seen at 0.9514 (Sept 25 high), 0.9533 (Jul 15 2013 high) and 0.9600 (psychological level). On the other hand, supports could be found at 0.9452 (intraday low), 0.9390 (Sept 24 low) and 0.9354 (Sept 23 low).

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