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14 Mar 2013
Forex: USD/CHF hits 6-month high
The US dollar has extended gains across the board on Thursday as market sentiment deteriorated on weak European data and also benefited by better-than-expected US jobless claims. Against the Swissy, the USD advanced toward a fresh 6-month high during the American session, after the SNB decided to keep policy unchanged.
USD/CHF pushed above post-NFP highs and printed a fresh 6-month peak of 0.9566 before easing a tad. At time of writing, USD/CHF is trading around 0.9550/55, recording a 0.3% gain on the day.
As for technical levels, if USD/CHF rises above 0.9565, next resistances are seen at 0.9600 (psychological level), and 0.9635 (Aug 28 high). On the downside, supports are seen at 0.9530 (intraday level) and 0.9500 (psychological level).
USD/CHF pushed above post-NFP highs and printed a fresh 6-month peak of 0.9566 before easing a tad. At time of writing, USD/CHF is trading around 0.9550/55, recording a 0.3% gain on the day.
As for technical levels, if USD/CHF rises above 0.9565, next resistances are seen at 0.9600 (psychological level), and 0.9635 (Aug 28 high). On the downside, supports are seen at 0.9530 (intraday level) and 0.9500 (psychological level).