23 Jul 2013
USD/CHF challenges 0.9400
FXstreet.com (Córdoba) - The USD/CHF extended gains at the beginning of the New York session supported by a broader firmer greenback.
USD/CHF capped by 100-hour SMA
Following a consolidation phase, USD/CHF picked up momentum and pushed through the 0.9400 psychological level to score a high of 0.9405 before the 100-hour SMA offered resistance. At time of writing, the pair is trading around 0.0.9395, still up 0.4% on the day.
As for technical levels, immediate resistances for USD/CHF are seen at 0.9415 (Jul 22 high) and 0.9460 (Jul 19 high), while supports could be found at 0.9350 (daily low) and 0.9320 (Jul 22 low).
USD/CHF capped by 100-hour SMA
Following a consolidation phase, USD/CHF picked up momentum and pushed through the 0.9400 psychological level to score a high of 0.9405 before the 100-hour SMA offered resistance. At time of writing, the pair is trading around 0.0.9395, still up 0.4% on the day.
As for technical levels, immediate resistances for USD/CHF are seen at 0.9415 (Jul 22 high) and 0.9460 (Jul 19 high), while supports could be found at 0.9350 (daily low) and 0.9320 (Jul 22 low).