Forex: USD/CHF breaks support level and hits fresh 3-week low
Forex pairs in this Article »
USD/CHF
FXstreet.com (Córdoba) - The dollar extended losses against the Swiss franc on Friday, weighed by the positive tone among financial markets, with investors focus on the Black Friday where US consumers were expected to take part in the biggest shopping day of the year.
USDCHF broke below the 0.9330 support area and stretched to a fresh 3-week low of 0.9316 in recent dealings. At time of writing, the cross is quoting at the 0.9320 zone, 0.3% below its opening price, and 1.3% down this week.
The Kshitij Consultancy Services Team notes that the view remains bearish and locates immediate support levels at 0.9310-00, 0.9250 and 0.9215, while they see resistances at 0.9390-400, 0.9460 and 0.9520.
USDCHF broke below the 0.9330 support area and stretched to a fresh 3-week low of 0.9316 in recent dealings. At time of writing, the cross is quoting at the 0.9320 zone, 0.3% below its opening price, and 1.3% down this week.
The Kshitij Consultancy Services Team notes that the view remains bearish and locates immediate support levels at 0.9310-00, 0.9250 and 0.9215, while they see resistances at 0.9390-400, 0.9460 and 0.9520.
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