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28 May 2013
USD/CHF retreats after hitting 5-day high
FXstreet.com (Córdoba) - The dollar broke above the 0.9700 mark versus the franc and jumped to a fresh 5-day high during the New York session, propelled by better-than-expected US data.
USD/CHF has climbed over 130 pips throughout the day, as liquidity came back to markets, and reached a high of 0.9761 before pulling back. At time of writing, USD/CHF is trading at the 0.9725 area, recording a 1.0% gain on the day.
On the upside, next resistance levels are seen at 0.9760 (daily high), 0.9800 (psychological level and 0.9820 (May 23 high). On the other hand, supports are seen at 0.9625 (intraday level) and 0.9590 (May 24 low).
USD/CHF has climbed over 130 pips throughout the day, as liquidity came back to markets, and reached a high of 0.9761 before pulling back. At time of writing, USD/CHF is trading at the 0.9725 area, recording a 1.0% gain on the day.
On the upside, next resistance levels are seen at 0.9760 (daily high), 0.9800 (psychological level and 0.9820 (May 23 high). On the other hand, supports are seen at 0.9625 (intraday level) and 0.9590 (May 24 low).