Back
31 Oct 2013
USD/CHF backs away from 2-week highs
FXstreet.com (Córdoba) - The dollar continued to rise against the franc lifting USD/CHF to a fresh 2-week high at the beginning of the New York session.
The USD/CHF received a boost Wednesday in the wake of Fed statement and has continued heading north, having printed a high of 0.9051 in recent dealings. However, USD/CHF was rejected from highs and pulled back to currently trade at the 0.9030 zone, still % above its opening price.
USD/CHF levels to watch
If USD/CHF manages to break above 0.9050, next resistance could be found at 0.9090/0.9100 (Oct 16 low/psychological level), while on the other hand, immediate support lies at 0.9020 (former resistance/intraday level) and 0.9000 (psychological mark).
The USD/CHF received a boost Wednesday in the wake of Fed statement and has continued heading north, having printed a high of 0.9051 in recent dealings. However, USD/CHF was rejected from highs and pulled back to currently trade at the 0.9030 zone, still % above its opening price.
USD/CHF levels to watch
If USD/CHF manages to break above 0.9050, next resistance could be found at 0.9090/0.9100 (Oct 16 low/psychological level), while on the other hand, immediate support lies at 0.9020 (former resistance/intraday level) and 0.9000 (psychological mark).