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USD/CHF rises to 0.9700

FXStreet (Córdoba) - The Swiss franc weakened against the US dollar and climbed above 0.9650 yesterday during the American session, today extended the advanced and reached 0.9700, the highest price since Friday.

USD/CHF has risen from Monday’s lows more than 80 pips, approaching 2014 highs and the level it had before the release of the US employment report on Friday, when it was trading around 0.9715.

USD/CHF levels to consider

To the upside, immediate resistance lies at 0.9700 and then at 0.9720/25 followed by 0.9740 (Nov 7 high). Above 0.9740 the pair would be trading at the strongtes level since August 2013.

Currently the pair is moving slightly off session highs and trades at 0.9688, 10 pips above the level it had at the beginning of the day. Support levels might lie at 0.9660/65 and below here at 0.9615 (Nov 10 low) and 0.9600 (Nov 6 low).

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