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USD/CHF back above parity

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - USD/CHF completed a round trip to a low of 0.9923 during the European session, as the US dollar managed to recover ground over the last hours and climbed back above the parity level.

    USD/CHF moved lower during the first trading hours of 2016 but the greenback took back losses and rose to retest highs at the 1.0025 zone in recent dealings. At time of writing, the pair is trading at 1.0017, up 0.14% on the day, as immediate attention turns to the US ISM manufacturing index.

    USD/CHF levels to watch

    In terms of technical levels, next resistances are seen at 1.0033 (Dec 4 high), 1.0100 (psychological level) and not much till 1.0263 (Dec 3 high). On the other hand, supports could be found at 0.9923 (Jan 4 low), 0.9910 (20-day SMA) and 0.9872 (Dec 31 low).
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