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6 Sep 2013
USD/CHF remains capped below 0.9400
FXstreet.com (Córdoba) - The USD/CHF resumed the downside and fell back below the 0.9400 mark during the American session, as the greenback remains under pressure across the board, weighed by disappointing NFP.
USD/CHF broke below the 100-hour MSA and stretched to a 3-day low of 0.9345, roughly the same level it bottomed out on Wednesday. However, the pair managed to trim losses, but with the bounce capped by the 0.9390 zone, USD/CHF entered a phase of consolidation.
USD/CHF supports and resistances
At time of writing, USD/CHF is trading at the 0.9380 zone, still down 0.7% on the day, having pulled back from 7-week highs at the 0.9455 area. Supports for USD/CHF are seen at 0.9345 (daily low) and 0.9300 (psychological level), while on the flip side, resistances could be found at 0.9390 (intraday level) and 0.9455 (daily high).
USD/CHF broke below the 100-hour MSA and stretched to a 3-day low of 0.9345, roughly the same level it bottomed out on Wednesday. However, the pair managed to trim losses, but with the bounce capped by the 0.9390 zone, USD/CHF entered a phase of consolidation.
USD/CHF supports and resistances
At time of writing, USD/CHF is trading at the 0.9380 zone, still down 0.7% on the day, having pulled back from 7-week highs at the 0.9455 area. Supports for USD/CHF are seen at 0.9345 (daily low) and 0.9300 (psychological level), while on the flip side, resistances could be found at 0.9390 (intraday level) and 0.9455 (daily high).