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28 Jan 2014
USD/CHF challenges 0.9000
FXstreet.com (Córdoba) - The USD/CHF rose above the 0.9000 psychological level Tuesday European session amid broad dollar strength ahead of tomorrow's Fed meeting.
The USD/CHF climbed more than 50 pips throughout the day, piercing the 100-hour SMA, to hit a high of 0.9009 before losing momentum and pulling back. However, with the downside contained by the 0.8985 zone, the pair was confined to a phase of consolidation. At time of writing, the USD/CHF is trading at the 0.9005 area, recording a 0.5% gain on the day.
USD/CHF levels to watch
In terms of technical levels, immediate resistance levels line up at 0.9009 (Jan 28 high), 0.9030 (21-day SMA) and 0.9057 (100-day SMA). On the flip side, supports are seen at 0.8954 (Jan 28 low) and 0.8931 (Jan 27 low) ahead of 0.8903/00 (Jan 24 low/psychological level).
The USD/CHF climbed more than 50 pips throughout the day, piercing the 100-hour SMA, to hit a high of 0.9009 before losing momentum and pulling back. However, with the downside contained by the 0.8985 zone, the pair was confined to a phase of consolidation. At time of writing, the USD/CHF is trading at the 0.9005 area, recording a 0.5% gain on the day.
USD/CHF levels to watch
In terms of technical levels, immediate resistance levels line up at 0.9009 (Jan 28 high), 0.9030 (21-day SMA) and 0.9057 (100-day SMA). On the flip side, supports are seen at 0.8954 (Jan 28 low) and 0.8931 (Jan 27 low) ahead of 0.8903/00 (Jan 24 low/psychological level).