30 Aug 2013
USD/CHF capped by 100-week SMA
FXstreet.com (Córdoba) - The rally of the USD against the Swissy that extended over the last days stalled this Friday at the 0.9330 zone as the 100-week SMA offered resistance.
USD/CHF pulled back from highs and slid back to the 0.9300 zone, where it is trading at time of writing, virtually unchanged on the day, but printing a modest 0.5% gain in August.
USD/CHF technical levels
In terms of technical levels, if USD/CHF manages to break decisively above 0.9330, next resistances are seen at 0.9345 (200-day SMA) and 0.9395 (100-day SMA), while on the other hand, supports could be found at 0.9288 (daily low) and 0.9240 (100-hour SMA).
USD/CHF pulled back from highs and slid back to the 0.9300 zone, where it is trading at time of writing, virtually unchanged on the day, but printing a modest 0.5% gain in August.
USD/CHF technical levels
In terms of technical levels, if USD/CHF manages to break decisively above 0.9330, next resistances are seen at 0.9345 (200-day SMA) and 0.9395 (100-day SMA), while on the other hand, supports could be found at 0.9288 (daily low) and 0.9240 (100-hour SMA).