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Forex pairs in this Article » USD/CHF (Córdoba) - The USD/CHF extended its correction Wednesday and slid to near 0.9100 as the US Congress failed to strike a budget deal.

USD/CHF tests support at 100-hour SMA

From a wider perspective USD/CHF has been going sideways for a while, reaching a 1-month high of 0.9177 Tuesday when a deal seemed more likely. However, the pair failed to sustain gains and retreated to the 0.9110 zone before finding support at the 100-hour SMA. At time of writing, USD/CHF is trading at the 0.9115 area, 0.1% below its opening price.

USD/CHF technical levels

In terms of technical levels, USD/CHF could face immediate supports at 0.9110 (daily low), 0.9095 (Oct 15 low) and 0.9065 (Oct 14 low). On the upside, resistances line up at 0.9150 (daily high), 0.9177 (Oct 15 high) and 0.9200 (psychological level).
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