Forex: USD/CHF prints fresh 1-week high
FXstreet.com (Córdoba) - The Swiss franc slumped versus the dollar on Thursday, mirroring the EURUSD plunge, given the high correlation between the CHF and the EUR due to the SNB policy peg the EURCHF.
USDCHF soared over 80 pips throughout the day and hit a fresh 1-week high of 0.9338 in recent dealings. At time of writing, the pair is quoting at the 0.9330 area, recording a 0.7% gain on the day.
As for technical levels, next resistances are seen at 0.9340 (Nov 28 high), 0.9360 (21-day SMA) and 0.9400 (psychological level). On the downside, supports are seen at 0.9305 (intraday support), 0.9240 (Dec 3 low) and 0.9214 (Oct low).
USDCHF soared over 80 pips throughout the day and hit a fresh 1-week high of 0.9338 in recent dealings. At time of writing, the pair is quoting at the 0.9330 area, recording a 0.7% gain on the day.
As for technical levels, next resistances are seen at 0.9340 (Nov 28 high), 0.9360 (21-day SMA) and 0.9400 (psychological level). On the downside, supports are seen at 0.9305 (intraday support), 0.9240 (Dec 3 low) and 0.9214 (Oct low).
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