12 Nov 2013
USD/CHF hits weekly lows
FXstreet.com (Córdoba) - After failing to break above this week's high, the USD/CHF came under pressure and erased daily gains as the greenback loses momentum across the board with the NY open.
USD/CHF falls below 100-hour SMA
The USD/CHF hit resistance at the 0.9225 level and dropped more than 60 pips over the last hours, breaking below the 100-hour SMA en route to a weekly low of 0.9160. At time of writing, USD/CHF is trading at 0.9170, recording a 0.3% loss on the day.
USD/CHF technical levels
As for technical levels, immediate supports could be found at 0.9160 (daily low) and 0.9135 (200-hour SMA) ahead of 0.9100. On the other hand, resistances on bounces might be faced at 0.9175 (100-hour SMA) and 0.9200 (psychological level).
USD/CHF falls below 100-hour SMA
The USD/CHF hit resistance at the 0.9225 level and dropped more than 60 pips over the last hours, breaking below the 100-hour SMA en route to a weekly low of 0.9160. At time of writing, USD/CHF is trading at 0.9170, recording a 0.3% loss on the day.
USD/CHF technical levels
As for technical levels, immediate supports could be found at 0.9160 (daily low) and 0.9135 (200-hour SMA) ahead of 0.9100. On the other hand, resistances on bounces might be faced at 0.9175 (100-hour SMA) and 0.9200 (psychological level).