11 Oct 2013
USD/CHF bounces off lows
FXstreet.com (Córdoba) - The USD/CHF came under pressure Friday as the greenback receded across the board, correcting previous days' gains.
USD/CHF failed to overcome the 0.9130 area yesterday and following some consolidation, it pulled back to a low of 0.9069 before finding support. With the subsequent bounce capped by 0.9090, USD/CHF is currently trading at the 0.9080 zone, recording a 0.4% loss on the day. With not much in the calendar for today, majors could take breather in the absence of headlines out from Washington.
USD/CHF technical levels
As for technical levels, the USD/CHF could find immediate supports at 0.9069 (daily low) and 0.9015 (Oct 9 low), while resistances are seen at 0.9130 (2-week high Oct 10) and 0.9147 (Aug 20 low).
USD/CHF failed to overcome the 0.9130 area yesterday and following some consolidation, it pulled back to a low of 0.9069 before finding support. With the subsequent bounce capped by 0.9090, USD/CHF is currently trading at the 0.9080 zone, recording a 0.4% loss on the day. With not much in the calendar for today, majors could take breather in the absence of headlines out from Washington.
USD/CHF technical levels
As for technical levels, the USD/CHF could find immediate supports at 0.9069 (daily low) and 0.9015 (Oct 9 low), while resistances are seen at 0.9130 (2-week high Oct 10) and 0.9147 (Aug 20 low).