16 Jan 2014
USD/CHF bounces off 200-hour SMA
FXstreet.com (Córdoba) - The USD/CHF came under pressure and fell to fresh daily lows during the European session, although it found support at the 200-hour SMA and bounced.
After failing to decisively break above the 0.9100 mark, the USD/CHF turned lower and dropped toward the 0.9060 zone before the 200-hour SMA contained the slide. At time of writing, the USD/CHF is trading at the 0.9075 area, still a few pips below its opening price. Up ahead during the NY session, data includes US CPI and jobless claims.
USD/CHF levels to watch
IN terms of technical levels, the USD/CHF could find immediate resistances at the 0.9100/07 area (psychological level/Jan 15 high), 0.9126 (Jan 8 high) and 0.9150 (Nov 22 high). On the other hand, supports are seen at 0.9060 (200-hour SMA), 0.9040 (100-hour SMA) and 0.9025 (Jan 15 low).
After failing to decisively break above the 0.9100 mark, the USD/CHF turned lower and dropped toward the 0.9060 zone before the 200-hour SMA contained the slide. At time of writing, the USD/CHF is trading at the 0.9075 area, still a few pips below its opening price. Up ahead during the NY session, data includes US CPI and jobless claims.
USD/CHF levels to watch
IN terms of technical levels, the USD/CHF could find immediate resistances at the 0.9100/07 area (psychological level/Jan 15 high), 0.9126 (Jan 8 high) and 0.9150 (Nov 22 high). On the other hand, supports are seen at 0.9060 (200-hour SMA), 0.9040 (100-hour SMA) and 0.9025 (Jan 15 low).