23 Oct 2013
USD/CHF hits 2-year low
FXstreet.com (Córdoba) - The dollar weakened and dragged USD/CHF its lowest in nearly 2 years at the beginning of the American session.
USD/CHF breaks below 0.8940
The USD/CHDF came under renewed pressure after softer-than-expected US housing data and broke below the 0.8940 level to hit its lowest since Nov 7 2011 at 0.8914. At time of writing, USD/CHF is trading at the 0.8920 zone, recording a 0.3% loss on the day.
USD/CHF levels to watch
On the downside, immediate supports line up at 0.8914 (daily low) and 0.8900 (psychological level), while resistances are seen at 0.8940 (former support), 0.8965 (daily high) and 0.9000 (psychological level).
USD/CHF breaks below 0.8940
The USD/CHDF came under renewed pressure after softer-than-expected US housing data and broke below the 0.8940 level to hit its lowest since Nov 7 2011 at 0.8914. At time of writing, USD/CHF is trading at the 0.8920 zone, recording a 0.3% loss on the day.
USD/CHF levels to watch
On the downside, immediate supports line up at 0.8914 (daily low) and 0.8900 (psychological level), while resistances are seen at 0.8940 (former support), 0.8965 (daily high) and 0.9000 (psychological level).