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27 Sep 2013
USD/CHF slumps to 7-month low
FXstreet.com (Córdoba) - The USD/CHF dropped to a fresh 7-month low Friday as the break of the 0.9075 support triggered stops, adding pressure on the pair.
USD/CHF breaks lower
Following days of consolidation around 0.9100, USD/CHF accelerated lower and having lost over 50 pips throughout the day, it recently bottomed out at 0.9054, last seen Feb 1. At time of writing, USD/CHF is trading at the 0.9060 zone, still 0.5% below its opening price.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate supports at 0.9020 (Feb 1 low) and 0.9000 (psychological level), while resistances are seen at 0.9110 (daily high) and 0.9135 (10-day SMA).
USD/CHF breaks lower
Following days of consolidation around 0.9100, USD/CHF accelerated lower and having lost over 50 pips throughout the day, it recently bottomed out at 0.9054, last seen Feb 1. At time of writing, USD/CHF is trading at the 0.9060 zone, still 0.5% below its opening price.
USD/CHF levels to watch
As for technical levels, USD/CHF could find immediate supports at 0.9020 (Feb 1 low) and 0.9000 (psychological level), while resistances are seen at 0.9110 (daily high) and 0.9135 (10-day SMA).