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10 Sep 2013
USD/CHF hovering around 200-day SMA
FXstreet.com (Córdoba) - The USD/CHF has spent most of the day in a narrow range after the previous days’ slide found firm support at the 0.9300 mark on Monday.
However, as the subsequent bounce was capped by the 0.9365 area, the USD/CHF was confined to a consolidation phase, unable to pick fresh direction despite the improvement in risk sentiment.
USD/CHF supports and resistances
At time of writing, USD/CHF is trading at mid-range around 0.9345, still 0.3% above its opening price, with immediate resistances lining up at 0.9365 (daily high) and 0.9390 (Sep 9 high), while supports could be found at 0.9300 (psychological level) and 0.9285 (20-day SMA).
However, as the subsequent bounce was capped by the 0.9365 area, the USD/CHF was confined to a consolidation phase, unable to pick fresh direction despite the improvement in risk sentiment.
USD/CHF supports and resistances
At time of writing, USD/CHF is trading at mid-range around 0.9345, still 0.3% above its opening price, with immediate resistances lining up at 0.9365 (daily high) and 0.9390 (Sep 9 high), while supports could be found at 0.9300 (psychological level) and 0.9285 (20-day SMA).