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May 27, 2013
USD/CHF erases losses to trade flat
FXstreet.com (Córdoba) - After falling to retest lows at the 0.9590 area, the USD/CHF managed to recover ground, and climbed to the 0.9620 zone, erasing daily losses.
However, amid low volume due to the UK and the US holidays, the pair has been unable to gather enough momentum to define a stronger movement and settled in a tight range above 0.9600. At time of writing, USD/CHF is trading around 0.9620/25, where it is little changed on the day, having hit a high of 0.9634.
In terms of technical levels, the Mataf.net team locates next supports at 0.9595, 0.9550 and 0.9520, while they see resistances at 0.9640, 0.9720 and 0.9770.
However, amid low volume due to the UK and the US holidays, the pair has been unable to gather enough momentum to define a stronger movement and settled in a tight range above 0.9600. At time of writing, USD/CHF is trading around 0.9620/25, where it is little changed on the day, having hit a high of 0.9634.
In terms of technical levels, the Mataf.net team locates next supports at 0.9595, 0.9550 and 0.9520, while they see resistances at 0.9640, 0.9720 and 0.9770.