Back
12 Sep 2013
USD/CHF bottoms out at 0.9270
FXstreet.com (Córdoba) - The USD/CHF broke below the 0.9300 mark and fell to a fresh 2-week low during the American session, weighed by broad USD weakness.
USD/CHF bottomed out at 0.9270, as investors shrugged off better-than-expected US claims data, before bouncing. It made another attempt at the lows in recent dealings, but the momentum faltered and consolidative action has taken place near 0.9300.
USD/CHF technical levels
At time of writing, USD/CHF is trading at the 0.9290 area, posting a 0.1% loss on the day, with immediate supports at 0.9270 (daily low) and 0.9215 (Aug 29 low), while resistances are seen at 0.9333 (daily high) and 0.9345 (200-day SMA).
USD/CHF bottomed out at 0.9270, as investors shrugged off better-than-expected US claims data, before bouncing. It made another attempt at the lows in recent dealings, but the momentum faltered and consolidative action has taken place near 0.9300.
USD/CHF technical levels
At time of writing, USD/CHF is trading at the 0.9290 area, posting a 0.1% loss on the day, with immediate supports at 0.9270 (daily low) and 0.9215 (Aug 29 low), while resistances are seen at 0.9333 (daily high) and 0.9345 (200-day SMA).