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3 Jun 2014
USD/CHF backs away from 0.9000
FXStreet (Córdoba) - The USD/CHF was rejected from the 0.9000 area and turned intraday negative at the beginning of the New York session, moving inversely with the EUR/USD.
The USD/CHF reached a 3 ½-month high during the European trade but stalled just a few pips shy of the 0.9000 psychological level, and pulled back sharply. The USD/CHF slid from a high of 0.8995 to a low of 0.8950. At time of writing, the pair is trading at the 0.8960 area, recording a 0.28% loss on the day.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find next resistances at 0.9000 (psychological level), 0.9010 (Feb 13 high) and 0.9037 (Feb 12 high). On the other hand, supports are now seen at 0.8950 (Jun 3 low), 0.8932 (May 30 low), 0.8923 (May 22 low) and 0.8900 (psychological level).
The USD/CHF reached a 3 ½-month high during the European trade but stalled just a few pips shy of the 0.9000 psychological level, and pulled back sharply. The USD/CHF slid from a high of 0.8995 to a low of 0.8950. At time of writing, the pair is trading at the 0.8960 area, recording a 0.28% loss on the day.
USD/CHF levels to watch
In terms of technical levels, the USD/CHF could find next resistances at 0.9000 (psychological level), 0.9010 (Feb 13 high) and 0.9037 (Feb 12 high). On the other hand, supports are now seen at 0.8950 (Jun 3 low), 0.8932 (May 30 low), 0.8923 (May 22 low) and 0.8900 (psychological level).