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1 Oct 2013
USD/CHF recovers from 19-month low
FXstreet.com (Córdoba) - The USD/CHF is trimming losses incurred in the wake of a kneejerk reaction to the US shutdown but the market may consolidate broadly near-term until the impact becomes clearer.
USD/CHF dips below 0.9000
USD/CHF briefly dropped below the 0.9000 level and printed a fresh 19-month low of 0.8992 before bouncing and climbing all the way back toward 0.9050. At time of writing, USD/CHF is trading at the 0.9040 area, virtually unchanged on the day.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate resistances at 0.9078/80 (Sep 30 high/Sep 23 low) and 0.9100 (psychological level) ahead of 0.9115 (Sep 26 high), while supports are seen at 0.9020 (Sep 27 low) and 0.8992 (19-month low) ahead of 0.8929 (2012 low Feb 24).
USD/CHF dips below 0.9000
USD/CHF briefly dropped below the 0.9000 level and printed a fresh 19-month low of 0.8992 before bouncing and climbing all the way back toward 0.9050. At time of writing, USD/CHF is trading at the 0.9040 area, virtually unchanged on the day.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate resistances at 0.9078/80 (Sep 30 high/Sep 23 low) and 0.9100 (psychological level) ahead of 0.9115 (Sep 26 high), while supports are seen at 0.9020 (Sep 27 low) and 0.8992 (19-month low) ahead of 0.8929 (2012 low Feb 24).