10 Jun 2013
USD/CHF dips to daily lows
FXstreet.com (Córdoba) - The USD/CHF is back testing daily lows after being rejected from the 0.9418 during the New York session.
USD/CHF lost momentum and dropped back below the 0.9400 level to a session low of 0.9338, roughly the same level where it bottomed during the Asian trade. At time of writing, USD/CHF is trading at the 0.9350 area, 0.2% below its opening price.
In terms of technical levels, next supports are seen at the 0.9340/35 area (daily lows) and 0.9300 (psychological level), while resistances could be faced at 0.9390 (100-day SMA) and 0.9440 (Jun 6 high).
USD/CHF lost momentum and dropped back below the 0.9400 level to a session low of 0.9338, roughly the same level where it bottomed during the Asian trade. At time of writing, USD/CHF is trading at the 0.9350 area, 0.2% below its opening price.
In terms of technical levels, next supports are seen at the 0.9340/35 area (daily lows) and 0.9300 (psychological level), while resistances could be faced at 0.9390 (100-day SMA) and 0.9440 (Jun 6 high).