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11 Apr 2013
Forex: USD/CHF falls to 6-week low
FXstreet.com (Córdoba) - The Swiss franc managed to climb to a fresh 6-week high against a broadly weaker greenback given the positive market mood. USD/CHF dropped over 60 pips throughout the day and accelerated south on the 0.9300 break to hit its lowest since Feb 25 at 0.9278.
At time of writing, USD/CHF is trading around 0.9285, 0.4% below its opening price, with immediate supports at 0.9278 (intraday low), 0.9230 (Feb 25 low) and 0.9200 (psychological level). On the other hand, resistances could be found at 0.9300 (intraday low), 0.9335 (100-hour SMA) and 0.9365 (Apr 9 high).
At time of writing, USD/CHF is trading around 0.9285, 0.4% below its opening price, with immediate supports at 0.9278 (intraday low), 0.9230 (Feb 25 low) and 0.9200 (psychological level). On the other hand, resistances could be found at 0.9300 (intraday low), 0.9335 (100-hour SMA) and 0.9365 (Apr 9 high).