8 Jul 2013
USD/CHF consolidates around 0.9650
FXstreet.com (Córdoba) - The USD/CHF entered in a consolidation phase on Monday after reaching fresh multi-week highs propelled by the US NFP report.
USD/CHF remains capped by 0.9665
USD/CHF peaked at a 6-week high of 0.9665 during the Asian session, but lost momentum and has spent the last hours within a slim range. At time of writing, USD/CHF is trading around 0.9640, where it is a few pips below its opening price.
If USD/CHF manages to break above 0.9665 (daily high), next resistances could be found at 0.9700 (psychological level) and 0.9790 (May 29 high), while on the other hand, supports are seen at 0.9600 (psychological level) and 0.9560 (Jul 5 low).
USD/CHF remains capped by 0.9665
USD/CHF peaked at a 6-week high of 0.9665 during the Asian session, but lost momentum and has spent the last hours within a slim range. At time of writing, USD/CHF is trading around 0.9640, where it is a few pips below its opening price.
If USD/CHF manages to break above 0.9665 (daily high), next resistances could be found at 0.9700 (psychological level) and 0.9790 (May 29 high), while on the other hand, supports are seen at 0.9600 (psychological level) and 0.9560 (Jul 5 low).