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Nov 25, 2015
USD/CHF in multi-month peaks near 1.0230
FXStreet (Edinburgh) - The buying interest around the greenback is now pushing USD/CHF back beyond the 1.0200 handle, printing fresh multi-month tops near 1.0230.
USD/CHF stronger pre-US data
The pair is trading in the highest level since the SNB move last January, backed by a firmer tone around the US dollar ahead of key US releases due in the NA session.
In fact, the current USD upside momentum will be put to the test later, with the publications of US Durable Goods Orders, Personal Spending/Income and inflation figures tracked by the PCE, just to mention the most relevant ones.
USD/CHF levels to consider
As of writing the pair is advancing 0.50% at 1.0210 with the next hurdle at 1.0241 (2015 high Jan.14) followed by 1.0300 (psychological level). On the other hand, a breakdown of 0.9986 (low Nov.12) would expose 0.9825 (55-day sma) and finally 0.9746 (100-day sma).
USD/CHF stronger pre-US data
The pair is trading in the highest level since the SNB move last January, backed by a firmer tone around the US dollar ahead of key US releases due in the NA session.
In fact, the current USD upside momentum will be put to the test later, with the publications of US Durable Goods Orders, Personal Spending/Income and inflation figures tracked by the PCE, just to mention the most relevant ones.
USD/CHF levels to consider
As of writing the pair is advancing 0.50% at 1.0210 with the next hurdle at 1.0241 (2015 high Jan.14) followed by 1.0300 (psychological level). On the other hand, a breakdown of 0.9986 (low Nov.12) would expose 0.9825 (55-day sma) and finally 0.9746 (100-day sma).