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25 Aug 2014
USD/CHF retreats from 9-month highs
FXStreet (Córdoba) - The ">USD/CHF started the week trading at the strongtes level since November 2013 and peaked at 0.9177 but then lost momentum. During the European session pulled back and retreated further after Wall Street opening.
The Swiss Franc rose across the board so far during the American session. The USD/CHF recently fell to 0.9140 and currently trades at 0.9145/48. despite pulling back is still above Friday’s closing price.
USD/CHF levels to consider
To the upside, immediate resistance could be located at 0.9160/65 (intraday high) and above here at 0.9175/80 (daily high) followed by 0.9200. On the opposite direction, support might lie at 0.9130/35 and below at 0.9120 and then 0.9100 (August 22 low).
The Swiss Franc rose across the board so far during the American session. The USD/CHF recently fell to 0.9140 and currently trades at 0.9145/48. despite pulling back is still above Friday’s closing price.
USD/CHF levels to consider
To the upside, immediate resistance could be located at 0.9160/65 (intraday high) and above here at 0.9175/80 (daily high) followed by 0.9200. On the opposite direction, support might lie at 0.9130/35 and below at 0.9120 and then 0.9100 (August 22 low).