Topic: $USDCHF rises above 1.0200, nears 4-year high
FXStreet (Córdoba) - The dollar extended gains versus European counterparts and climbed above the 1.0200 level versus the franc, stalling a couple of pips ahead of last week’s 4-year high scored at 1.0216.
USD/CHF pierced the 1.02 mark to peak at 1.0213 and continues to trade within a touching distance of its multi-year high, mirroring EUR/USD moves. If USD/CHF breaks above 1.0216, next resistance could be found at 1.0277 (Sep 10 2010 high) and 1.0300 (psychological level) followed by 1.0319 (Aug 26 2010 high).
On the other hand, immediate supports are seen at 1.0117 (Jan 12 low) and 1.0100 (psychological level) ahead of 1.0083 (10-day SMA).
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