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3 Oct 2013
USD/CHF breaks below 0.9000, hits fresh 19-month low
FXstreet.com (Córdoba) - Following a failed recovery attempt, the USD/CHF came under pressure during the New York session and broke below the 0.9000 psychological level, slumping to a fresh 19-month low.
USD/CHF was unable to hold above 0.9000 and fell to its lowest since February 2012 at 0.8967 before finding buyers and recovering slightly. At time of writing, USD/CHF is trading at 0.8970, recording a 0.6% loss on the day.
USD/CHF technical levels
In terms of technical levels, immediate supports are seen at 0.8967 (19-month low) and 0.8929 (2012 low Feb 24) ahead of 0.8900 (psychological level). On the other hand, resistances could be found at 0.9030/40 (daily high/100-hour SMA), 0.9075 (200-hour SMA) and 0.9100 (psychological level).
USD/CHF was unable to hold above 0.9000 and fell to its lowest since February 2012 at 0.8967 before finding buyers and recovering slightly. At time of writing, USD/CHF is trading at 0.8970, recording a 0.6% loss on the day.
USD/CHF technical levels
In terms of technical levels, immediate supports are seen at 0.8967 (19-month low) and 0.8929 (2012 low Feb 24) ahead of 0.8900 (psychological level). On the other hand, resistances could be found at 0.9030/40 (daily high/100-hour SMA), 0.9075 (200-hour SMA) and 0.9100 (psychological level).