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9 Feb 2015
USD/CHF continues to oscillate around 0.9200
FXStreet (Córdoba) - USD/CHF continues to hover just above the 0.9200 level, extending its consolidation phase into a new week.
Amid talks the SNB was intervening to weaken the franc, USD/CHF reached a post-shoker high of 0.9345, but failure to break above that level confined the pair to a sideways phase over the last days. With a daily high of 0.9285 and a low of 0.9194, USD/CHF is currently trading at 0.9215, 0.43% below its opening price.
USD/CHF levels to watch
As for technical levels, immediate supports are seen at 0.9194 (daily low), 0.9175 (Feb 6 low) and 0.9148 (21-day SMA). On the other hand, resistances could be found at 0.9285/89 (daily high/200-day SMA) and 0.9310 (Feb 5 high).
Amid talks the SNB was intervening to weaken the franc, USD/CHF reached a post-shoker high of 0.9345, but failure to break above that level confined the pair to a sideways phase over the last days. With a daily high of 0.9285 and a low of 0.9194, USD/CHF is currently trading at 0.9215, 0.43% below its opening price.
USD/CHF levels to watch
As for technical levels, immediate supports are seen at 0.9194 (daily low), 0.9175 (Feb 6 low) and 0.9148 (21-day SMA). On the other hand, resistances could be found at 0.9285/89 (daily high/200-day SMA) and 0.9310 (Feb 5 high).