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16 Aug 2013
USD/CHF bounces from lows and erases losses
FXstreet.com (Córdoba) - The US dollar managed to trim losses versus most competitors after disappointing data sent the greenback to daily lows.
The USD/CHF bounced from a 4-day low of 0.9216, erasing intraday losses and rising back to the 0.9270 zone, where it is virtually unchanged on the day as another week comes to an end in Europe.
USD/CHF technical levels
As for technical levels, immediate resistances could be found at 0.9287 (daily high) and 0.9305 (100-hour SMA), while supports are now seen at 0.9216 (daily low) and 0.9200 (psychological level).
The USD/CHF bounced from a 4-day low of 0.9216, erasing intraday losses and rising back to the 0.9270 zone, where it is virtually unchanged on the day as another week comes to an end in Europe.
USD/CHF technical levels
As for technical levels, immediate resistances could be found at 0.9287 (daily high) and 0.9305 (100-hour SMA), while supports are now seen at 0.9216 (daily low) and 0.9200 (psychological level).