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16 Jul 2013
USD/CHF extends decline, nears 0.9400
FXstreet.com (Córdoba) - The USD/CHF extended its decline made marginal new lows for the day during the American session.
USD/CHF nears 0.9400 support
USD/CHF stretched to a low of 0.9405 in recent dealings as the greenback continues to weaken across the board, but it has managed to hold above the 0.9400 psychological level and Jul 11 low. At time of writing, USD/CHF is trading at the 0.9410 zone, recording a 0.7% loss on the day.
In terms of technical levels if USD/CHF breaks below 0.9400, next supports are seen at 0.9370 (Jun 26 low) and 0.9365 (Jun 25 low), while on the other hand, resistances could be found at 0.9460 (20-hour SMA) and 0.9495 (Jul 16 high).
USD/CHF nears 0.9400 support
USD/CHF stretched to a low of 0.9405 in recent dealings as the greenback continues to weaken across the board, but it has managed to hold above the 0.9400 psychological level and Jul 11 low. At time of writing, USD/CHF is trading at the 0.9410 zone, recording a 0.7% loss on the day.
In terms of technical levels if USD/CHF breaks below 0.9400, next supports are seen at 0.9370 (Jun 26 low) and 0.9365 (Jun 25 low), while on the other hand, resistances could be found at 0.9460 (20-hour SMA) and 0.9495 (Jul 16 high).