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24 Feb 2014
USD/CHF rises above 0.8900
FXStreet (Córdoba) - The USD/CHF bounced off a 2-month low and rallied more than half a cent and rose briefly above 0.8900 at the beginning of the American session.
The USD/CHF, which moves inversely with the EUR/USD, climbed to a high of 0.8902 as the greenback gained pace but failed to hold above the psychological level and pulled back slightly. At time of writing, the USD/CHF is trading at the 0.8895 zone, recording a 0.2% advance Monday.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find immediate resistances at 0.8902 (Feb 24 high), 0.8918 (10-day SMA) and 0.8928 (Feb 18 high). On the flip side, supports are seen at 0.8851 (Feb 24 low) and 0.8830 (Deb 17 low).
The USD/CHF, which moves inversely with the EUR/USD, climbed to a high of 0.8902 as the greenback gained pace but failed to hold above the psychological level and pulled back slightly. At time of writing, the USD/CHF is trading at the 0.8895 zone, recording a 0.2% advance Monday.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find immediate resistances at 0.8902 (Feb 24 high), 0.8918 (10-day SMA) and 0.8928 (Feb 18 high). On the flip side, supports are seen at 0.8851 (Feb 24 low) and 0.8830 (Deb 17 low).