10 Nov 2015
USD/CHF climbs to fresh 8-month highs
FXStreet (Córdoba) - USD/CHF has continued to push higher over the last sessions, reaching its highest level since March as investors continue to price in a December lift-off by the Fed.
USD/CHF extended gains and peaked at 1.0085 on Tuesday, just a few pips below its March high. At time of writing, the pair is trading at 1.0077, recording a 0.44% gain on the day.
The greenback continues to strengthen trading near multi-month highs against major competitors, underpinned by growing expectations the Fed will start raising rates next month. A Reuters poll sees 70% chance of a rate hike following October’s strong nonfarm payrolls report.
USD/CHF levels to watch
On the upside, USD/CHF could face next resistances at 1.0089 (Mar 12 high) and then 1.0126 (Mar 12 high). On the downside, supports are seen at 0.9997 (Nov 9 low), 0.9943/41 (Nov 6 low/23.6% Fibo of 0.9475-1.0085) and 0.9920 (Nov 5 low).
USD/CHF extended gains and peaked at 1.0085 on Tuesday, just a few pips below its March high. At time of writing, the pair is trading at 1.0077, recording a 0.44% gain on the day.
The greenback continues to strengthen trading near multi-month highs against major competitors, underpinned by growing expectations the Fed will start raising rates next month. A Reuters poll sees 70% chance of a rate hike following October’s strong nonfarm payrolls report.
USD/CHF levels to watch
On the upside, USD/CHF could face next resistances at 1.0089 (Mar 12 high) and then 1.0126 (Mar 12 high). On the downside, supports are seen at 0.9997 (Nov 9 low), 0.9943/41 (Nov 6 low/23.6% Fibo of 0.9475-1.0085) and 0.9920 (Nov 5 low).