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21 Oct 2013
USD/CHF finds resistance at 0.9040
FXstreet.com (Córdoba) - The US dollar trades a touch firmer against the franc Monday as it corrects from last week's slump after finding support at the 0.9000 area.
The USD/CHF managed to advance slightly and printed a 4-day high of 0.9040 but it lacked momentum to stage a decent recovery and settled in a range. At time of writing, USD/CHF is trading at the 0.9030 zone, still up 0.1% on the day.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate resistances at 0.9040 (daily high) and 0.9070 (21-day SMA) ahead of 0.9100 (psychological level). On the other hand, supports are seen at 0.9000 (psychological level) and 0.8967 (Oct 3 low).
The USD/CHF managed to advance slightly and printed a 4-day high of 0.9040 but it lacked momentum to stage a decent recovery and settled in a range. At time of writing, USD/CHF is trading at the 0.9030 zone, still up 0.1% on the day.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate resistances at 0.9040 (daily high) and 0.9070 (21-day SMA) ahead of 0.9100 (psychological level). On the other hand, supports are seen at 0.9000 (psychological level) and 0.8967 (Oct 3 low).