USD/CHF resumes the upside, nears 0.9100

By FXstreet.com | August 07, 2014 AAA

FXStreet (Córdoba) - The USD/CHF managed to resume the upside following a sharp pullback from 7-month highs seen the previous day.



The USD/CHF touched a high of 0.9114 but then retreated as the greenback gave up ground across the board. However, the slide was contained by the 10-day SMA at the 0.9070 area and after a phase of consolidation the pair resumed the advance towards 0.9100, having scored a high of 0.9089 so far.

USD/CHF technical levels



At time of writing, the USD/CHF is trading at 0.9085, recording a 0.12% gain Thursday. In terms of technical levels, the pair needs to regain 0.9100 to make another attempt at the 0.9114 zone en route to 0.9156/59 (Jan 19 high/200-day SMA).



On the other hand, supports are seen at 0.9070 (10-day SMA), 0.9051 (Aug 5 low) and 0.9040 (Aug 1 low).



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