13 Jul 2015
USD/CHF falters ahead of 0.9500
FXStreet (Córdoba) - USD/CHF has climbed to fresh highs in the vicinity of 0.9500 at the beginning of the New York session, as the dollar continues to outperform across the board.
USD/CHF rose nearly 130 pips after bottoming out at 0.9367 and reached a high of 0.9498 before losing momentum. At time of writing, the pair is trading at 0.9490, recording a 1.13% gain on the day.
Risk sentiment received a boost on Monday after Greece and its creditors reached a deal on a third bailout programme, sending European and US stocks higher, while the US dollar benefited by higher US front-end rates.
USD/CHF levels to watch
In terms of technical levels, immediate resistances are seen at 0.9500 (psychological level/100-day SMA) and 0.9520 (200-day SMA). On the other hand, supports could be found at 0.9367 (Jul 13 low) and 0.9329 (Jul 10 low).
USD/CHF rose nearly 130 pips after bottoming out at 0.9367 and reached a high of 0.9498 before losing momentum. At time of writing, the pair is trading at 0.9490, recording a 1.13% gain on the day.
Risk sentiment received a boost on Monday after Greece and its creditors reached a deal on a third bailout programme, sending European and US stocks higher, while the US dollar benefited by higher US front-end rates.
USD/CHF levels to watch
In terms of technical levels, immediate resistances are seen at 0.9500 (psychological level/100-day SMA) and 0.9520 (200-day SMA). On the other hand, supports could be found at 0.9367 (Jul 13 low) and 0.9329 (Jul 10 low).