USD/CHF headed toward parity

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - USD/CHF is rising on Thursday for the third time out of the last four trading days, boosted by a stronger US dollar across the board. The Swiss franc is among the top performer in Europe.

    The pair broke above 0.9920/30 (Dec 15 & 16 high) during the Asian session and peaked on American hours at 0.9990, hitting the strongest level in a week. Greenback holds a bullish tone against the Swissy and appears to be headed toward the parity level.

    USD/CHF technical levels

    Currently USD/CHF trades at 0.9970,160 pips above yesterday’s lows. To the upside, resistance levels might lie at 1.0000 (psychological level) 1.0035 (Dec 4 & 7 high) and 1.0050 (20-day MA). To the downside, support level might now be seen at 0.9930 (Dec 15 & 16 high), 0.9870 and 0.9780 (Dec low).

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