USD/CHF hit fresh 6-month lows under 0.9600

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The swiss franc continues to climb against the US dollar and today is about to post gains for the fourth day in a row and the strongest close since October.

    USD/CHF accelerated the decline during the European session and broke below yesterday’s low on American hours. It bottomed at 0.9571 and then bounced to the upside and it was trading at 0.9594/98, down 0.55% for the day.

    The euro and the Swiss franc are among the top performer on Thursday's ahead of Friday’s US employment report. EUR/CHF is modestly lower for the day, after reaching earlier at 1.0953, the highest in two weeks.

    USD/CHF technical levels

    To the upside, resistance level might now lie at 0.9600, 0.9620 (20-hour MA) and 0.9665 (daily high). On the opposite direction support could be seen at 0.9570 (daily low), 0.9525 (Sep 18 low) and 0.9495 (Oct 16 & 20 low).

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