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29 Jul 2014
USD/CHF climbs to near 6-month highs
FXStreet (Córdoba) - The USD/CHF finally broke above the 0.9050 resistance area and accelerated to a fresh 5 ½-month peak in a bout of dollar demand at the beginning of the New York session.
After several attempts over the last few days, the USD/CHF managed to pierce the top of the range and climbed to a high of 0.9062, last seen on February 6. At time of writing, the pair is trading at 0.9060, 0.24% above its opening price.
In the macroeconomic domain, the S&P/Case-Shiller home price index came rose 9.3% in June, sitting slightly below expectations of 10.0% and barely affecting the greenback.
USD/CHF levels to watch
As for technical levels, the USD/CHF could find immediate resistances at 0.9064 (Feb 6 high), 0.9081 (Feb 3 high) and 0.9100 (psychological level). On the flip side, supports are seen at 0.9034 (Jul 29 low), 0.9000 (psychological level) and 0.8970 (Jul 21 low).
After several attempts over the last few days, the USD/CHF managed to pierce the top of the range and climbed to a high of 0.9062, last seen on February 6. At time of writing, the pair is trading at 0.9060, 0.24% above its opening price.
In the macroeconomic domain, the S&P/Case-Shiller home price index came rose 9.3% in June, sitting slightly below expectations of 10.0% and barely affecting the greenback.
USD/CHF levels to watch
As for technical levels, the USD/CHF could find immediate resistances at 0.9064 (Feb 6 high), 0.9081 (Feb 3 high) and 0.9100 (psychological level). On the flip side, supports are seen at 0.9034 (Jul 29 low), 0.9000 (psychological level) and 0.8970 (Jul 21 low).