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May 27, 2013
USD/CHF briefly dips to 0.9600
FXstreet.com (Córdoba) - The USD/CHF is one of the most active pairs in Monday's quiet holiday session as it has shown jerky movements during the American afternoon.
USD/CHF failed to overcome the 0.9645 area and entered into a consolidative stage, although it recently saw a quick dip toward 0.9600 with no clear catalyst. The pair is currently trading at the 0.9630 zone, where it holds onto a 0.15% daily gain.
In terms of technical levels, immediate support levels could be found at 0.9590 (low May 24) and 0.9530 (21-day SMA), while resistances are seen at 0.9645 (daily high) and 0.9680 (200-hour SMA).
USD/CHF failed to overcome the 0.9645 area and entered into a consolidative stage, although it recently saw a quick dip toward 0.9600 with no clear catalyst. The pair is currently trading at the 0.9630 zone, where it holds onto a 0.15% daily gain.
In terms of technical levels, immediate support levels could be found at 0.9590 (low May 24) and 0.9530 (21-day SMA), while resistances are seen at 0.9645 (daily high) and 0.9680 (200-hour SMA).