Back
20 Oct 2014
USD/CHF hits fresh daily lows
FXStreet (Córdoba) - USD/CHF has been pulling back Monday and is headed for its first daily loss in three, as the greenback weakened across the board.
USD/CHF failed to break above 0.9480, despite a couple of attempts throughout the day, and came under pressure, sliding more than half a cent to a low of 0.9420 in recent dealings. At time of writing, the pair is trading at the 0.9425 zone, recording a 0.44% loss on the day.
USD/CHF technical levels
As for technical levels, immediate supports are seen at 0.9400/0.9398 (psychological level/Oct 16 low), 0.9361 (Oct 15 low) and 0.9332 /Sept 18 low). On the other hand, resistances could be found at 0.9480 (intraday high), 0.9500/03 (psychological level/21-day SMA)and 0.9531 (Sept 29 high).
USD/CHF failed to break above 0.9480, despite a couple of attempts throughout the day, and came under pressure, sliding more than half a cent to a low of 0.9420 in recent dealings. At time of writing, the pair is trading at the 0.9425 zone, recording a 0.44% loss on the day.
USD/CHF technical levels
As for technical levels, immediate supports are seen at 0.9400/0.9398 (psychological level/Oct 16 low), 0.9361 (Oct 15 low) and 0.9332 /Sept 18 low). On the other hand, resistances could be found at 0.9480 (intraday high), 0.9500/03 (psychological level/21-day SMA)and 0.9531 (Sept 29 high).