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2 Jan 2015
USD/CHF looks for parity
FXStreet (San Francisco) - After a recent jump of 30 pips from 0.9965, the USD/CHF jump to test levels not seen in four years at 0.9995. The pair seems to be ready for trade at parity for the first time since December 2010.
Currently, USD/CHF is trading at 0.9991, up 0.53% on the day, having posted a daily high at 0.9998 and low at 0.9929. USD/CHF spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CHF sentiment
The USD/CHF is trading at highs after enjoying its negative correlation with EUR/USD and the recent weakness of the euro after Draghi speech on the EU and its possible QE.
The next resistance is at 1.0000, followed by 1.0040 and 1.0060. To the downside, 0.9960, 0.9940 and 0.9920.
Currently, USD/CHF is trading at 0.9991, up 0.53% on the day, having posted a daily high at 0.9998 and low at 0.9929. USD/CHF spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CHF sentiment
The USD/CHF is trading at highs after enjoying its negative correlation with EUR/USD and the recent weakness of the euro after Draghi speech on the EU and its possible QE.
The next resistance is at 1.0000, followed by 1.0040 and 1.0060. To the downside, 0.9960, 0.9940 and 0.9920.