USD/CHF climbs to near 6-month highs

By FXstreet.com | Updated July 29, 2014 AAA

FXStreet (Córdoba) - The USD/CHF finally broke above the 0.9050 resistance area and accelerated to a fresh 5 ½-month peak in a bout of dollar demand at the beginning of the New York session.



After several attempts over the last few days, the USD/CHF managed to pierce the top of the range and climbed to a high of 0.9062, last seen on February 6. At time of writing, the pair is trading at 0.9060, 0.24% above its opening price.



In the macroeconomic domain, the S&P/Case-Shiller home price index came rose 9.3% in June, sitting slightly below expectations of 10.0% and barely affecting the greenback.



USD/CHF levels to watch



As for technical levels, the USD/CHF could find immediate resistances at 0.9064 (Feb 6 high), 0.9081 (Feb 3 high) and 0.9100 (psychological level). On the flip side, supports are seen at 0.9034 (Jul 29 low), 0.9000 (psychological level) and 0.8970 (Jul 21 low).



Related Forex Analysis
  1. USD/CHF Technical Analysis: Long Trade Hits First Target
    Forex News

    USD/CHF Technical Analysis: Long Trade Hits First Target

  2. USD/CHF Median Line is Key to Uptrend
    Forex News

    USD/CHF Median Line is Key to Uptrend

  3. USD/CHF fails to hold above 0.9600; back to daily lows
    Forex News

    USD/CHF fails to hold above 0.9600; back to daily lows

  4. USD/CHF loses steam above 0.9600
    Forex News

    USD/CHF loses steam above 0.9600

  5. USD/CHF Technical Analysis: Franc Back on the Defensive
    Forex News

    USD/CHF Technical Analysis: Franc Back on the Defensive

Trading Center