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USD/CHF erases daily losses

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    USD/CHF has bounced back to the flat line, erasing previous intraday losses as the greenback trades mixed across the board in a cautious environment.

    USD/CHF bounced from the 0.9900 area and managed to climb back to the 0.9960 zone, before finding resistance. At time of writing, the pair is trading at 0.9950, virtually unchanged on the day.

    USD/CHF technical levels

    In terms of technical levels, next resistances are seen at 1.0010 (Mat¿r 7 high), 1.0037 (Feb 29 high), 1.0073 (Feb 4 high) and 1.1100 (psychological level). On the other hand, supports could be found at 0.9901 (20-day SMA), 0.9870 (Feb 26 low) and 0.9852 (Feb 24 & 17 lows).
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