Forex: USD/CHF reaches 3-week high
Forex pairs in this Article »
USD/CHF
FXstreet.com (Córdoba) - The US dollar extended gains into a second day versus the franc on Thursday as euphoria for the US budget deal faded.
USDCHF took another step higher and broke above the 0.9200 area during the European session, climbing to a 3-week high of 0.9241 before the 200 SMA in 4-hour charts offered resistance. At time of writing, USDCHF is trading at the 0.9230 area, 0.6% above its opening price.
As for technical levels, next resistances are seen at 0.9240 (intraday high), 0.9275 (Dec 13 high) and 0.9295/0.9300 (55-day SMA/psychological level). On the other hand, supports could be found at 0.9200 (psychological level), 0.9170 (intraday low) and 0.9150 (10-day SMA).
USDCHF took another step higher and broke above the 0.9200 area during the European session, climbing to a 3-week high of 0.9241 before the 200 SMA in 4-hour charts offered resistance. At time of writing, USDCHF is trading at the 0.9230 area, 0.6% above its opening price.
As for technical levels, next resistances are seen at 0.9240 (intraday high), 0.9275 (Dec 13 high) and 0.9295/0.9300 (55-day SMA/psychological level). On the other hand, supports could be found at 0.9200 (psychological level), 0.9170 (intraday low) and 0.9150 (10-day SMA).
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