10 Apr 2014
USD/CHF extends losses into a fourth day
FXStreet (Córdoba) - The USD/CHF has extended its bearish move Thursday, falling for fourth day in a row, as the greenback remains vulnerable across the board.
The dollar has dropped more than 200 pips against the franc from its post nonfarm payrolls high of 0.8952, having hit a 3-week low of 0.8750 in recent dealings. At time of writing, the USD/CHF is trading at the 0.8760 zone, down 0.39% on the day.
USD/CHF levels to watch
As for technical levels, the USD/CHF could face next resistances at 0.8750 (Apr 10 low), 0.8727 (Mar 19) and 0.8700 (psychological level). On the other hand, resistances on bounces could be found at 0.8805 (Apr 10 high), 0.8820 (21-day SMA) and 0.8878 (Apr 8 high).
The dollar has dropped more than 200 pips against the franc from its post nonfarm payrolls high of 0.8952, having hit a 3-week low of 0.8750 in recent dealings. At time of writing, the USD/CHF is trading at the 0.8760 zone, down 0.39% on the day.
USD/CHF levels to watch
As for technical levels, the USD/CHF could face next resistances at 0.8750 (Apr 10 low), 0.8727 (Mar 19) and 0.8700 (psychological level). On the other hand, resistances on bounces could be found at 0.8805 (Apr 10 high), 0.8820 (21-day SMA) and 0.8878 (Apr 8 high).