15 Apr 2014
USD/CHF settles around 0.8800
FXStreet (Córdoba) - The USD/CHF fell to fresh daily lows during the American session amid broad USD weakness following disappointing US housing data and renewed concerns about Ukraine.
The USD/CHF broke below the 0.8800 mark and hit a low of 0.8782 but found support at the 100-hour SMA and steadied in a range around its opening level. At time of writing, the USD/CHF is trading at the 0.8800 zone, virtually unchanged since opening.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find immediate resistances at 0.8818 (Apr 15 high) and 0.8833 (200-hour SMA). On the downside, supports are seen at 0.8782 (100-hour SMA) and 0.8761 (Apr 14 low).
The USD/CHF broke below the 0.8800 mark and hit a low of 0.8782 but found support at the 100-hour SMA and steadied in a range around its opening level. At time of writing, the USD/CHF is trading at the 0.8800 zone, virtually unchanged since opening.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find immediate resistances at 0.8818 (Apr 15 high) and 0.8833 (200-hour SMA). On the downside, supports are seen at 0.8782 (100-hour SMA) and 0.8761 (Apr 14 low).