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21 Apr 2015
USD/CHF approaches 0.9500
FXStreet (Córdoba) - USD/CHF reversed during the European session and turned to the downside. After the beginning of trading in Wall Street accelerated the decline and printed a fresh daily low at 0.9524.
USD/CHF near key support
The pair remains with a bearish tone, trading near Monday and last week lows. Last Friday and yesterday the area around 0.9490 - 0.9500 capped the decline and has become a key short term support area. A break lower could open the doors for a slide toward the next potential support level located around 0.9480 (April 3 low) followed by 0.9450 (Feb 26, 27 low).
On the opposite direction, resistance levels could lie at 0.9600, 0.9625 (daily high) and 0.9670 (Apr 14 low and Apr 7 high).
USD/CHF near key support
The pair remains with a bearish tone, trading near Monday and last week lows. Last Friday and yesterday the area around 0.9490 - 0.9500 capped the decline and has become a key short term support area. A break lower could open the doors for a slide toward the next potential support level located around 0.9480 (April 3 low) followed by 0.9450 (Feb 26, 27 low).
On the opposite direction, resistance levels could lie at 0.9600, 0.9625 (daily high) and 0.9670 (Apr 14 low and Apr 7 high).