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27 Feb 2015
USD/CHF falls to fresh session lows below 0.9500
FXStreet (Mumbai) - USD/CHF fell further in red during the early European morning, moving away from new monthly highs reached in the previous session supported by the hawkish statement of the St Louis Fed president, while traders digested a raft of new US macro data.
USD/CHF falls from 0.9517 levels
Currently, the USD/CHF traded -0.35% lower at fresh session lows at 0.9492 levels, back below 0.9500 levels. The pair edged lower in the Asian session on a round of profit booking after the recent US data induced rally. Moreover, a retracing US dollar against its major counterparts also added to the losses in USD/CHF. The US dollar index, which measures the relative strength of the greenback against six major currencies, dropped to session lows of 95.16 levels, down -0.20% on the day.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downside bias persists until 0.9547 (1-month High) levels is breached ahead of a string of US economic releases due later in the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9547 levels and above which it could extend gains to 0.9600 levels. To the downside, immediate support might be located at 0.9450 levels and below that at 0.9402 levels.
USD/CHF falls from 0.9517 levels
Currently, the USD/CHF traded -0.35% lower at fresh session lows at 0.9492 levels, back below 0.9500 levels. The pair edged lower in the Asian session on a round of profit booking after the recent US data induced rally. Moreover, a retracing US dollar against its major counterparts also added to the losses in USD/CHF. The US dollar index, which measures the relative strength of the greenback against six major currencies, dropped to session lows of 95.16 levels, down -0.20% on the day.
Meanwhile, USD/CHF extends its recovery mode after the revocation of a cap rate on EUR/CHF and general intraday downside bias persists until 0.9547 (1-month High) levels is breached ahead of a string of US economic releases due later in the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9547 levels and above which it could extend gains to 0.9600 levels. To the downside, immediate support might be located at 0.9450 levels and below that at 0.9402 levels.