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24 Feb 2015
USD/CHF falls modestly, remains near 1-month highs
FXStreet (Córdoba) - USD/CHF pulled back below 0.9500 and dropped toward daily lows that lie at 0.9483. It holds slightly above the lows, holding a downside bias for the day, but price movements remains limited.
The pair is falling less than 20 pips from yesterday’s closing price. Earlier peaked at 0.9522 but quickly pulled back toward the 0.9500 area. On Monday it rose sharply from 0.9390 to 0.9525 and pushed the price back to levels near 1-month highs.
USD/CHF technical levels
The short term trend remains bullish, with the pair recovering after the dramatically decline of January 15. To the upside, immediate resistance lies at 0.9520 and above here at 0.9535, (post SNB highs), followed by 0.9560. Support might lie at 0.9480 (daily low), 0.9450 and 0.9380/90 (Feb 23 low).
The pair is falling less than 20 pips from yesterday’s closing price. Earlier peaked at 0.9522 but quickly pulled back toward the 0.9500 area. On Monday it rose sharply from 0.9390 to 0.9525 and pushed the price back to levels near 1-month highs.
USD/CHF technical levels
The short term trend remains bullish, with the pair recovering after the dramatically decline of January 15. To the upside, immediate resistance lies at 0.9520 and above here at 0.9535, (post SNB highs), followed by 0.9560. Support might lie at 0.9480 (daily low), 0.9450 and 0.9380/90 (Feb 23 low).