29 Apr 2014
USD/CHF jumps to 5-day highs above 0.8825
The US Dollar is advancing against the Swiss Franc as the pair is joining its negative correlation with the EUR/USD and the unique currency weakness amid weak German CPI.
The USD/CHF jumped around 35 pips in the last hour from 0.8795 to break above 0.8825 and to price at highs since April 24 at 0.8835. Currently, USD/CHF is trading at 0.8824, up 0.25% on the day, having posted a daily high at 0.8835 and low at 0.8785.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CHF levels
Market has identified sell orders at 0.8810/20 earlier in the day, next set is at 0.8880/90; on the downside, buy orders are at 0.8750/60 and 0.8700/10.
The USD/CHF jumped around 35 pips in the last hour from 0.8795 to break above 0.8825 and to price at highs since April 24 at 0.8835. Currently, USD/CHF is trading at 0.8824, up 0.25% on the day, having posted a daily high at 0.8835 and low at 0.8785.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CHF levels
Market has identified sell orders at 0.8810/20 earlier in the day, next set is at 0.8880/90; on the downside, buy orders are at 0.8750/60 and 0.8700/10.