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11 Sep 2013
USD/CHF holds above 0.9300
FXstreet.com (Córdoba) - The USD/CHF came under pressure during the American session as the greenback weakened broadly, weighed by disappointing US wholesales data.
However, USD/CHF found strong support once again at the 0.9300 mark and settled within a narrow range just above that level. At time of writing, USD/CHF is trading around 0.9310, still 0.4% below its opening price, having been rejected from a high of 0.9370 during the Asian session.
USD/CHF levels to watch
As for technical levels, immediate supports are seen at 0.9300 (psychological level/Sep 10 & 11 lows) and 0.9284 (20-day SMA), while resistances are seen at 0.9370 (daily high) and 0.9400 (psychological level).
However, USD/CHF found strong support once again at the 0.9300 mark and settled within a narrow range just above that level. At time of writing, USD/CHF is trading around 0.9310, still 0.4% below its opening price, having been rejected from a high of 0.9370 during the Asian session.
USD/CHF levels to watch
As for technical levels, immediate supports are seen at 0.9300 (psychological level/Sep 10 & 11 lows) and 0.9284 (20-day SMA), while resistances are seen at 0.9370 (daily high) and 0.9400 (psychological level).