3 May 2016
USD/CHF recovers from 8-month lows, back to 0.9500
USD/CHF extended losses into a seventh straight day Tuesday and hit its lowest level in more than eight months as the dollar continues to underperform, especially against European currencies.
USD/CHF broke below the 0.95 mark and April lows and stretched to a low of 0.9443 before finding support and turning back north. The pair has managed to climb back toward the 0.9500 zone, where it trades still 0.42% down on the day.
USD/CHF technical levels
As for technical levels, next resistances could be found at 0.9553 (May 3 high), 0.9604 (May 2 high) and then 0.9637 (20-day SMA). On the flip side, supports are seen at 0.9443 (May 3 low), 0.9383 (Aug 26 2015 low) and 0.9296 (Aug 25 2015 low).
USD/CHF broke below the 0.95 mark and April lows and stretched to a low of 0.9443 before finding support and turning back north. The pair has managed to climb back toward the 0.9500 zone, where it trades still 0.42% down on the day.
USD/CHF technical levels
As for technical levels, next resistances could be found at 0.9553 (May 3 high), 0.9604 (May 2 high) and then 0.9637 (20-day SMA). On the flip side, supports are seen at 0.9443 (May 3 low), 0.9383 (Aug 26 2015 low) and 0.9296 (Aug 25 2015 low).