8 Mar 2016
USD/CHF erases daily losses
USD/CHF has bounced back to the flat line, erasing previous intraday losses as the greenback trades mixed across the board in a cautious environment.
USD/CHF bounced from the 0.9900 area and managed to climb back to the 0.9960 zone, before finding resistance. At time of writing, the pair is trading at 0.9950, virtually unchanged on the day.
USD/CHF technical levels
In terms of technical levels, next resistances are seen at 1.0010 (Mat¿r 7 high), 1.0037 (Feb 29 high), 1.0073 (Feb 4 high) and 1.1100 (psychological level). On the other hand, supports could be found at 0.9901 (20-day SMA), 0.9870 (Feb 26 low) and 0.9852 (Feb 24 & 17 lows).
USD/CHF bounced from the 0.9900 area and managed to climb back to the 0.9960 zone, before finding resistance. At time of writing, the pair is trading at 0.9950, virtually unchanged on the day.
USD/CHF technical levels
In terms of technical levels, next resistances are seen at 1.0010 (Mat¿r 7 high), 1.0037 (Feb 29 high), 1.0073 (Feb 4 high) and 1.1100 (psychological level). On the other hand, supports could be found at 0.9901 (20-day SMA), 0.9870 (Feb 26 low) and 0.9852 (Feb 24 & 17 lows).