9 Mar 2015
USD/CHF hovers around 0.9850
FXStreet (Córdoba) - USD/CHF pulled back from 7-week highs on Monday as the dollar weakened across the board following Friday’s steep rally.
USD/CHF retreated from a high of 0.9869 and lost nearly half a cent before finding support at the 0.9820 zone. The pair has recovered from lows and settled at mid-range, as in the absence of first-tier data FX crosses have been confined to narrow ranges.
USD/CHF levels to watch
At time of writing, USD/CHF is trading at 0.9855, virtually unchanged on the day, with immediate resistances lining up at 0.9869 (daily high), 0.9900 (psychological level) and 1.0000 (psychological level). On the flip side, supports are seen at 0.9824 (daily low), 0.9800 (psychological level) and 0.9720 (Mar 6 low).
USD/CHF retreated from a high of 0.9869 and lost nearly half a cent before finding support at the 0.9820 zone. The pair has recovered from lows and settled at mid-range, as in the absence of first-tier data FX crosses have been confined to narrow ranges.
USD/CHF levels to watch
At time of writing, USD/CHF is trading at 0.9855, virtually unchanged on the day, with immediate resistances lining up at 0.9869 (daily high), 0.9900 (psychological level) and 1.0000 (psychological level). On the flip side, supports are seen at 0.9824 (daily low), 0.9800 (psychological level) and 0.9720 (Mar 6 low).