14 Jul 2015
USD/CHF falls below 0.9500
FXStreet (Mumbai) - The bid tone on the CHF strengthened on Tuesday, thereby pushing the USD/CHF pair to a session low of 0.9469 from the high of 0.9532.
USD/CHF: Fails to take out 200-DMA
The pair failed to sustain above its 200-DMA located at 0.9517. Moreover, the pair has repeatedly failed to take out the 200-DMA since the beginning of the current month.
The Swiss Franc came under pressure in the previous session after Greek deal triggered a broad based USD rally. The USD continues to extend gains today in the European session. However, the CHF is on the rise, taking back part of its losses against the USD.
USD/CHF Technical Levels
The pair currently trades around 0.9470. The support is seen at 0.9443 (100-DMA) and 0.94 levels. On the other hand, resistance is seen at 0.9517 (200-DMA) and 0.9532.
USD/CHF: Fails to take out 200-DMA
The pair failed to sustain above its 200-DMA located at 0.9517. Moreover, the pair has repeatedly failed to take out the 200-DMA since the beginning of the current month.
The Swiss Franc came under pressure in the previous session after Greek deal triggered a broad based USD rally. The USD continues to extend gains today in the European session. However, the CHF is on the rise, taking back part of its losses against the USD.
USD/CHF Technical Levels
The pair currently trades around 0.9470. The support is seen at 0.9443 (100-DMA) and 0.94 levels. On the other hand, resistance is seen at 0.9517 (200-DMA) and 0.9532.