12 Dec 2013
USD/CHF holds near 2-year low
FXstreet.com (Córdoba) - The USD/CHF continues to trade within familiar ranges Thursday after the SNB decided to keep interest rate unchanged at 0.0%.
The USD/CHF rose to a high of 0.8886 during the European session after SNB President Jordan said the franc is still too high, but failed to hold ground and pulled back toward a low 0.8847 in recent dealings. At time of writing, the USD/CHF is trading at the 0.8860 zone, virtually unchanged on the day, ahead of the next tranche of US data.
USD/CHF levels to watch
As for technical levels, the USD/CHF could find immediate resistances at 0.8886 (daily high) and 0.8900 (psychological level). On the flip side, supports are seen at 0.8847 (daily low) and 0.8839 (2-year low Dec 11).
The USD/CHF rose to a high of 0.8886 during the European session after SNB President Jordan said the franc is still too high, but failed to hold ground and pulled back toward a low 0.8847 in recent dealings. At time of writing, the USD/CHF is trading at the 0.8860 zone, virtually unchanged on the day, ahead of the next tranche of US data.
USD/CHF levels to watch
As for technical levels, the USD/CHF could find immediate resistances at 0.8886 (daily high) and 0.8900 (psychological level). On the flip side, supports are seen at 0.8847 (daily low) and 0.8839 (2-year low Dec 11).