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13 Nov 2014
USD/CHF hits daily lows
FXStreet (Córdoba) - USD/CHF stretched to fresh daily lows during the American session as the dollar weakens against European currencies, with the main exception of the pound that is among the worst performers of the day.
USD/CHF pushed lower and hit a low of 0.9621 roughly at the same level it bottomed out yesterday, moving inversely with EUR/USD that reached fresh daily highs. At time of writing, USD/CHF is trading at 0.9632, recording a 0.32% loss on the day.
As for EUR/CHF, the pair scored a fresh 2-year low of 1.2015 and remains dangerously close to the SNB floor of 1.2000.
USD/CHF technical levels
In terms of technical levels, USD/CHF could find immediate supports at 0.9616 (Nov 10 low) and 0.9600 (psychological level), while resistances are seen at 0.9700 (Nov 11 high/psychological level) and 0.9741 (2014 high Nov 7).
USD/CHF pushed lower and hit a low of 0.9621 roughly at the same level it bottomed out yesterday, moving inversely with EUR/USD that reached fresh daily highs. At time of writing, USD/CHF is trading at 0.9632, recording a 0.32% loss on the day.
As for EUR/CHF, the pair scored a fresh 2-year low of 1.2015 and remains dangerously close to the SNB floor of 1.2000.
USD/CHF technical levels
In terms of technical levels, USD/CHF could find immediate supports at 0.9616 (Nov 10 low) and 0.9600 (psychological level), while resistances are seen at 0.9700 (Nov 11 high/psychological level) and 0.9741 (2014 high Nov 7).