15 Oct 2013
USD/CHF hits 1-month high
FXstreet.com (Córdoba) - The USD/CHF spiked to a fresh 1-month high during the European session, propelled by hopes of a deal to avoid US default and technical factors.
The USD/CHF broke above the 0.9130 zone, which capped the upside over the last week, and rallied toward a high of 0.9177 before easing slightly. At time of writing, USD/CHF is trading around 0.9170, recording a 0.8% gain on Tuesday.
USD/CHF levels to watch
As for technical levels, if the pair breaks above 0.9177 it could pave the way toward 0.9200 (psychological level) and 0.9227 (Sep 16 low) followed by 0.9267 (Sep 18 high). On the other hand, supports are seen at 0.9090 (daily low) and 0.9065 (Oct 14 low).
The USD/CHF broke above the 0.9130 zone, which capped the upside over the last week, and rallied toward a high of 0.9177 before easing slightly. At time of writing, USD/CHF is trading around 0.9170, recording a 0.8% gain on Tuesday.
USD/CHF levels to watch
As for technical levels, if the pair breaks above 0.9177 it could pave the way toward 0.9200 (psychological level) and 0.9227 (Sep 16 low) followed by 0.9267 (Sep 18 high). On the other hand, supports are seen at 0.9090 (daily low) and 0.9065 (Oct 14 low).