9 Oct 2013
USD/CHF eases from 2-week highs
FXstreet.com (Córdoba) - The USD/CHF rallied to fresh 2-week highs Wednesday, in tandem with EUR/USD drop, propelled by broad dollar strength on news Obama will appoint Yellen as next fed Chair.
USD/CHF gained more than 100 pips throughout the day and printed a high of 0.9124 before losing momentum and pulling back below 0.9100. At time of writing, USD/CHF is trading at the 0.9095/0.9100 zone, still recording a 0.7% gain on the day, with investors' attention now turning to the FOMC minutes.
USD/CHF levels to watch
In terms of technical levels, if USD/CHF breaks above 0.9124 next resistances could be found at 0.9145 (Aug 20 low) and 0.9154 (38.2% of 0.9455/0.8968). Meanwhile, supports are seen at 0.9095 (10-hour SMA) and 0.9050 (intraday level).
USD/CHF gained more than 100 pips throughout the day and printed a high of 0.9124 before losing momentum and pulling back below 0.9100. At time of writing, USD/CHF is trading at the 0.9095/0.9100 zone, still recording a 0.7% gain on the day, with investors' attention now turning to the FOMC minutes.
USD/CHF levels to watch
In terms of technical levels, if USD/CHF breaks above 0.9124 next resistances could be found at 0.9145 (Aug 20 low) and 0.9154 (38.2% of 0.9455/0.8968). Meanwhile, supports are seen at 0.9095 (10-hour SMA) and 0.9050 (intraday level).