16 Feb 2015
USD/CHF oscillates around 200-day SMA
FXStreet (Córdoba) - USD/CHF continues to hover around its 200-day SMA, unable to set a short-term direction as the pair goes through a phase of consolidation while all the attention is being absorbed by the Eurogroup-Greece negotiations.
While the US markets are closed due to the Presidents Day national holiday and with no data on the calendar, USD/CHF has spent most of the day wavering around the 0.93 mark, level that matches the 200-day SMA. At time of writing, the pair is trading at 0.9295, 0.31% below its opening price.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate resistances at 0.9345 /Feb 12 high) and 0.9344 (Feb 2 high) followed by 0.9360 (Oct 2014 monthly low). On the flip side, supports are seen at 0.9265 (10-day SMA) and 0.9215 (Feb 11 low).
While the US markets are closed due to the Presidents Day national holiday and with no data on the calendar, USD/CHF has spent most of the day wavering around the 0.93 mark, level that matches the 200-day SMA. At time of writing, the pair is trading at 0.9295, 0.31% below its opening price.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate resistances at 0.9345 /Feb 12 high) and 0.9344 (Feb 2 high) followed by 0.9360 (Oct 2014 monthly low). On the flip side, supports are seen at 0.9265 (10-day SMA) and 0.9215 (Feb 11 low).