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6 Feb 2015
USD/CHF trades near 0.92 levels
FXStreet (Mumbai) - The USD/CHF pair fell to 0.9184 levels before recovering to trade slightly above 0.92 levels.
Stuck between 5-DMA and 10-DMA
The pair has been stuck between the 5-DMA and 10-DMA located at 0.9235 and 0.9184 levels. The gains in the Swiss Franc have been capped by speculations that the Swiss National Bank may adopt a new EUR/CHF corridor of 1.05-1.10. Meanwhile, the cautious tone ahead of the US non-farm payrolls data limits the upside in the pair.
USD/CHF Technical Levels
The immediate resistance is seen at 0.9235 (10-DMA), above which gains could be extended to 0.9304 level. On the flip side, support is seen at 0.9183 (5-DMA) and 0.9160 levels.
Stuck between 5-DMA and 10-DMA
The pair has been stuck between the 5-DMA and 10-DMA located at 0.9235 and 0.9184 levels. The gains in the Swiss Franc have been capped by speculations that the Swiss National Bank may adopt a new EUR/CHF corridor of 1.05-1.10. Meanwhile, the cautious tone ahead of the US non-farm payrolls data limits the upside in the pair.
USD/CHF Technical Levels
The immediate resistance is seen at 0.9235 (10-DMA), above which gains could be extended to 0.9304 level. On the flip side, support is seen at 0.9183 (5-DMA) and 0.9160 levels.