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23 Jan 2015
USD/CHF recovers further, approached 0.8800
FXStreet (Córdoba) - The Swiss franc weakened across the board during the American session and while the euro and the pound trimmed losses versus the US dollar, the franc hit fresh lows. USD/CHF printed a new daily high at 0.8796 and currently remains near the 0.8800 area.
Greenback is rising for the second day in a row against the Swissy and is consolidating weekly gains, but still 1300 pips below the level it had at the beginning of the year.
USD/CHF technical levels
To the upside, immediate resistance lies around the 0.8800 area and above at 0.8835 (Jan 25 high) and 0.8915. On the opposite direction, support might be located at 0.8750 (intraday level), 0.8675 (daily low) and 0.8575.
Greenback is rising for the second day in a row against the Swissy and is consolidating weekly gains, but still 1300 pips below the level it had at the beginning of the year.
USD/CHF technical levels
To the upside, immediate resistance lies around the 0.8800 area and above at 0.8835 (Jan 25 high) and 0.8915. On the opposite direction, support might be located at 0.8750 (intraday level), 0.8675 (daily low) and 0.8575.