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11 Dec 2014
USD/CHF fails to hold above 0.9700
FXStreet (Córdoba) - USD/CHF halted this week's pullback and trimmed some of previous weekly losses as the greenback benefitted by upbeat economic data.
Following 3 days of declines, USD/CHF bottomed out at a 10-day low of 0.9627 before finding support and rising back to the 0.9700 area. Having reached a daily peak of 0.9709, the pair is currently trading at 0.9690, still up 0.29% on the day.
USD/CHF technical levels
As for technical levels, USD/CHF could find next resistances at 0.9720 (200-hour SMA) and 0.9777 (Dec 9 high). On the other hand, supports are seen at 0.9627 (daily low) and 0.9604 (50-day SMA).
Following 3 days of declines, USD/CHF bottomed out at a 10-day low of 0.9627 before finding support and rising back to the 0.9700 area. Having reached a daily peak of 0.9709, the pair is currently trading at 0.9690, still up 0.29% on the day.
USD/CHF technical levels
As for technical levels, USD/CHF could find next resistances at 0.9720 (200-hour SMA) and 0.9777 (Dec 9 high). On the other hand, supports are seen at 0.9627 (daily low) and 0.9604 (50-day SMA).