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12 Aug 2013
USD/CHF backs away from 0.9300
FXstreet.com (Córdoba) - The USD/CHF has continued to pull back from daily highs during the American session, as the dollar loses momentum across the board.
After peaking at the 0.9285 area, USD/CHF turned lower and retraced some of its intraday gains to currently trade around 0.9250, still 0.1% above its opening price. With no much in the calendar for the rest of the day, USD/CHF could easily enjoy another quiet summer session.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find immediate supports at 0.9230 (100-hour SMA) and 0.9215 (daily low), while on the flip side, resistances line up at 0.9283 (daily high) ahead of the 0.9295/0.9300 area (Aug 6 high/psychological level).
After peaking at the 0.9285 area, USD/CHF turned lower and retraced some of its intraday gains to currently trade around 0.9250, still 0.1% above its opening price. With no much in the calendar for the rest of the day, USD/CHF could easily enjoy another quiet summer session.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find immediate supports at 0.9230 (100-hour SMA) and 0.9215 (daily low), while on the flip side, resistances line up at 0.9283 (daily high) ahead of the 0.9295/0.9300 area (Aug 6 high/psychological level).