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25 Nov 2013
USD/CHF regains 0.9100
FXstreet.com (Córdoba) - The USD/CHF climbed back above 0.9100 Monday recovering some ground after falling 1.2% during the second half of last week.
The USD/CHF hit a fresh monthly low of 0.9060 at the weekly opening but found support and trimmed losses amid broad USD strength. The USD/CHF reached a high of 0.9109 but lost momentum ahead of the 21-day SMA. At time of writing, the pair is trading at the 0.9100 area, recording a 0.4% gain since opening.
USD/CHF levels to watch
As for technical levels, if USD/CHF breaks decisively above 0.9110, next resistances are seen at 0.9132 (10-day SMA) and 0.9188 (Nov 20 & 21 highs). On the other hand, supports are seen at 0.9060 (daily low) and 0.9000 (psychological level).
The USD/CHF hit a fresh monthly low of 0.9060 at the weekly opening but found support and trimmed losses amid broad USD strength. The USD/CHF reached a high of 0.9109 but lost momentum ahead of the 21-day SMA. At time of writing, the pair is trading at the 0.9100 area, recording a 0.4% gain since opening.
USD/CHF levels to watch
As for technical levels, if USD/CHF breaks decisively above 0.9110, next resistances are seen at 0.9132 (10-day SMA) and 0.9188 (Nov 20 & 21 highs). On the other hand, supports are seen at 0.9060 (daily low) and 0.9000 (psychological level).