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18 Mar 2015
USD/CHF eyes 1.00
FXStreet (Mumbai) - USD/CHF dived deeper in red during the European session, in an attempt to move away from parity, as the USD bulls takes backseat dragging the US dollar lower.
USD/CHF falls from 1.0045
Currently, the USD/CHF trades lower by -0.37% and trades at 1.0026 levels, having previously posted fresh session lows at 1.0013 levels. The pair extended losses and inched closer to 1.00 handle on continued downslide in the US dollar against most of its major competitors.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies declines to 99.77, recording a -0.27% loss on the day.
Meanwhile, traders now turn their attention towards the FOMC statement for further momentum on the pair.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.0100 levels and above which it could extend gains to 1.0131 levels. To the downside, immediate support might be located at 1.00 levels and below that at 0.9966 levels.
USD/CHF falls from 1.0045
Currently, the USD/CHF trades lower by -0.37% and trades at 1.0026 levels, having previously posted fresh session lows at 1.0013 levels. The pair extended losses and inched closer to 1.00 handle on continued downslide in the US dollar against most of its major competitors.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies declines to 99.77, recording a -0.27% loss on the day.
Meanwhile, traders now turn their attention towards the FOMC statement for further momentum on the pair.
USD/CHF Technical Levels
To the upside, the next resistance is located at 1.0100 levels and above which it could extend gains to 1.0131 levels. To the downside, immediate support might be located at 1.00 levels and below that at 0.9966 levels.