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2 Oct 2013
USD/CHF finding a bounce from sub 0.9000
FXstreet.com (London) - USD/CHF has been a big mover on the session, dropping like a stone form 0.9050 to below the 0.9000 handle.
USD/CHF has found a bounce and has climbed to 0.9030 ahead of 0.9040/50 resistance levels. USD.CHF has recovered with the market lightening up on EURUSD positioning ahead of today’s ECB earlier. This brings the 0.8990 and then 0.8940 as the support levels to watch with the 0.9080 high as a target on the week acting as a key level.
USD/CHF Levels
The 20 DMA is 0.9196, the 50 DMA is 0.9241 and the 200 DMA is 0.9342. RSI (14) reads 35.54. Supports are ascending from 0.8931/40 and 0.8993. Spot is currently 0.9027 while resistances are 0.9040/52, 0.9070/80, 0.9101, 0.9117 and 0.9138.
USD/CHF has found a bounce and has climbed to 0.9030 ahead of 0.9040/50 resistance levels. USD.CHF has recovered with the market lightening up on EURUSD positioning ahead of today’s ECB earlier. This brings the 0.8990 and then 0.8940 as the support levels to watch with the 0.9080 high as a target on the week acting as a key level.
USD/CHF Levels
The 20 DMA is 0.9196, the 50 DMA is 0.9241 and the 200 DMA is 0.9342. RSI (14) reads 35.54. Supports are ascending from 0.8931/40 and 0.8993. Spot is currently 0.9027 while resistances are 0.9040/52, 0.9070/80, 0.9101, 0.9117 and 0.9138.