18 Nov 2013
USD/CHF bounces from 2-week low
FXstreet.com (Córdoba) - The USD/CHF extended losses to a fresh 2-week low during the American session dipping briefly below 0.9100 although the dollar managed to trim losses afterward.
As the dollar weakened across the board, the USD/CHF fell to its lowest since Nov 5 at 0.9095, only to bounce back toward the 0.9130 area supported by a negative turnaround in Wall Street. At time of writing, the USD/CHF is trading at the 0.9125 zone, still 0.3% below its opening price.
USD/CHF levels to watch
As for technical levels, the USD/CHF could face immediate supports 0.9095 (daily low) and 0.9075 (20-day SMA). On the other hand, resistances could be found at 0.9160 (daily high), 0.9190 (Nov 15 high) and 0.9200 (psychological level).
As the dollar weakened across the board, the USD/CHF fell to its lowest since Nov 5 at 0.9095, only to bounce back toward the 0.9130 area supported by a negative turnaround in Wall Street. At time of writing, the USD/CHF is trading at the 0.9125 zone, still 0.3% below its opening price.
USD/CHF levels to watch
As for technical levels, the USD/CHF could face immediate supports 0.9095 (daily low) and 0.9075 (20-day SMA). On the other hand, resistances could be found at 0.9160 (daily high), 0.9190 (Nov 15 high) and 0.9200 (psychological level).