18 Nov 2013
USD/CHF hits 11-day low
FXstreet.com (Córdoba) - The USD/CHF extended losses into a second day Monday and hit a nearly 2-week low during the European trade.
The greenback came under mild pressure and retreated versus most competitors, falling to a low of 0.9117 against the franc, last seen Nov 7. The USD/CHF is currently trading at the 0.9125 zone, 0.3% below its opening price after being rejected from a high of 0.9160 during the Asian trade. With only a couple of second-tier indicators scheduled for the NY session, corrective movements might continue to drive the dollar.
USD/CHF technical levels
As for technical levels, the USD/CHF could face immediate supports at 0.9117 (daily low) and 0.9110 (Nov 7 low) ahead of 0.9100 (psychological level). On the other hand, resistances could be found at 0.9160 (daily high), 0.9190 (Nov 15 high) and 0.9200 (psychological level).
The greenback came under mild pressure and retreated versus most competitors, falling to a low of 0.9117 against the franc, last seen Nov 7. The USD/CHF is currently trading at the 0.9125 zone, 0.3% below its opening price after being rejected from a high of 0.9160 during the Asian trade. With only a couple of second-tier indicators scheduled for the NY session, corrective movements might continue to drive the dollar.
USD/CHF technical levels
As for technical levels, the USD/CHF could face immediate supports at 0.9117 (daily low) and 0.9110 (Nov 7 low) ahead of 0.9100 (psychological level). On the other hand, resistances could be found at 0.9160 (daily high), 0.9190 (Nov 15 high) and 0.9200 (psychological level).