USD/CHF falters ahead of 1.0000

By FXStreet FXStreet (Córdoba) – The greenback continues to trade mixed across, advancing against European currencies, with main exception of the sterling, but lower versus commodity currencies as risk aversion recedes.

USD/CHF bounced off 2-week lows sub-0.99 scored at the weekly opening, and having gained more than 100 pips over the last hours, it reached a high of 0.9991. However, the dollar lost momentum ahead of the parity level and the pair settled in a range near highs during the last hours. At time of writing, the pair is trading at 0.9977, still up 0.36% on the day.

USD/CHF technical levels

As for technical levels, USD/CHF could find next resistances at 0.9991 (Jan 11 high), 1.1019 (100-hour SMA) and 1.0051 (Jan 8 high). On the flip side, supports are seen at 0.9879 (Jan 11 low), 0.9843 (100-day SMA) and 0.9785 (Dec 14 low).
For more information, read our latest forex news. …read more

Source:: FX Street