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).