1 May 2014
USD/CHF retreats further below 0.8800
FXStreet (Córdoba) - The USD/CHF took a dive and printed fresh daily lows as the greenback loses ground versus its European counterparts.
The USD/CHF came under mild pressure and slid to a 3-day low of 0.8783 amid low volume given the Labor Day holiday in most European countries. At time of writing, the USD/CHF is trading at the 0.8785 zone, recording a 0.20% loss on the day.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find next support levels at 0.8769 (Apr 28 low), 0.8742 (Apr 11 low) and 0.8703/00 (Mar 14 low/psychological level). On the flip side, resistances are seen at 0.8804 (May 1 high), 0.8824 (21-day SMA) and 0.8850 (Apr 30 high).
The USD/CHF came under mild pressure and slid to a 3-day low of 0.8783 amid low volume given the Labor Day holiday in most European countries. At time of writing, the USD/CHF is trading at the 0.8785 zone, recording a 0.20% loss on the day.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find next support levels at 0.8769 (Apr 28 low), 0.8742 (Apr 11 low) and 0.8703/00 (Mar 14 low/psychological level). On the flip side, resistances are seen at 0.8804 (May 1 high), 0.8824 (21-day SMA) and 0.8850 (Apr 30 high).