2 Dec 2013
USD/CHF regains 0.9100
FXstreet.com (Córdoba) - The USD/CHF climbed to its highest in 6 days Monday amid broad dollar strength and given franc's correlation with the euro.
The USD/CHF extended its recovery from a 1-month low of 0.9027 scored last week and having risen over 60 pips throughout the day, it printed a daily high of 0.9110 in recent dealings. At time of writing, USD/CHF is trading at the 0.9100 zone, recording a 0.5% gain on the day ahead of the release of US Markit and ISM manufacturing PMI's.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find immediate resistances at 0.9110 (daily high), 0.9130 (Nov 25 high) and 0.9150 (Nov 22 high). On the flip side, supports are seen at 0.9042 (daily low) and 0.9027 (Nov 29 low) ahead of 0.9000 (psychological level).
The USD/CHF extended its recovery from a 1-month low of 0.9027 scored last week and having risen over 60 pips throughout the day, it printed a daily high of 0.9110 in recent dealings. At time of writing, USD/CHF is trading at the 0.9100 zone, recording a 0.5% gain on the day ahead of the release of US Markit and ISM manufacturing PMI's.
USD/CHF technical levels
In terms of technical levels, the USD/CHF could find immediate resistances at 0.9110 (daily high), 0.9130 (Nov 25 high) and 0.9150 (Nov 22 high). On the flip side, supports are seen at 0.9042 (daily low) and 0.9027 (Nov 29 low) ahead of 0.9000 (psychological level).