30 Mar 2015
USD/CHF capped by 10-DMA
FXStreet (Mumbai) - USD/CHF trims previous gains and remains below 0.97 mark during the European session as the US dollar slowly loses steam across the board as risk-off sentiment resurfaces gradually amid Greece concerns and tumbling oil prices.
USD/CHF supported above 0.9600
Currently, the USD/CHF trades higher by 0.09% at 0.9633, retreating from fresh session highs printed at 0.9674 levels. The pair defends mild gains largely on upside momentum seen in the US dollar.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.25% at 97.87.
However, the pair erased most gains as a generalized risk-off moods remerges as markets turn their focus on ongoing Greece renegotiations which raises demand for safe-haven in CHF.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9674 levels and above which it could extend gains to 0.9700 levels. To the downside, immediate support might be located at 0.9619 (5-DMA) levels and below that at 0.9589 (100-DMA) levels.
USD/CHF supported above 0.9600
Currently, the USD/CHF trades higher by 0.09% at 0.9633, retreating from fresh session highs printed at 0.9674 levels. The pair defends mild gains largely on upside momentum seen in the US dollar.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies climbs 0.25% at 97.87.
However, the pair erased most gains as a generalized risk-off moods remerges as markets turn their focus on ongoing Greece renegotiations which raises demand for safe-haven in CHF.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9674 levels and above which it could extend gains to 0.9700 levels. To the downside, immediate support might be located at 0.9619 (5-DMA) levels and below that at 0.9589 (100-DMA) levels.