Forex: USD/CHF stalls at 0.9200
FXstreet.com (Córdoba) - The US dollar extended gains versus the franc during the American session but stalled just at the 0.9200 psychological level, not before printing a 1-week high.
Aside of the technical resistance, the USDCHF pulled back from the 0.9200 area given the decline in risk aversion. USDCHF is currently trading at the 0.9185 zone, where it records a 0.9% gain on the day.
Above 0.9200, next resistances for USDCHF are seen at 0.9210 (21-day SMA), 0.9225 (high Jan 30), and 0.9270 (high Jan 29). On the downside, supports could be found at 0.9090 (100-hour SMA), 0.9060 (intraday low) and 0.9025 (low Feb 1).
USDCHF rose over 140 pips from daily lows, propelled by broad USD strength and Draghi's comments, which saw EURUSD slump.
Aside of the technical resistance, the USDCHF pulled back from the 0.9200 area given the decline in risk aversion. USDCHF is currently trading at the 0.9185 zone, where it records a 0.9% gain on the day.
Above 0.9200, next resistances for USDCHF are seen at 0.9210 (21-day SMA), 0.9225 (high Jan 30), and 0.9270 (high Jan 29). On the downside, supports could be found at 0.9090 (100-hour SMA), 0.9060 (intraday low) and 0.9025 (low Feb 1).
USDCHF rose over 140 pips from daily lows, propelled by broad USD strength and Draghi's comments, which saw EURUSD slump.
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