Back
2 Jun 2015
USD/CHF slides toward 0.9300
FXStreet (Córdoba) - After a short lived recovery USD/CHF resumed the decline and dropped back toward 0.9300, reaching a fresh 12-day low at 0.9307.
The pair rebounded at 0.9310 and bounced to the upside, but the recovery was capped by the 0.9350 area from where it turned again to the downside.
USD/CHF technical levels
The recent slide sent the price back below the daily 20-SMA for the first time since mid May, that currently stands at 0.9345. Below 0.9300, immediate support could be located at 0.9285 (May 22 low), 0.9250 and 0.9200. On the opposite direction, resistance might lie at 0.9350, 0.9405 (May 20 high) and 0.9480/85.
The pair rebounded at 0.9310 and bounced to the upside, but the recovery was capped by the 0.9350 area from where it turned again to the downside.
USD/CHF technical levels
The recent slide sent the price back below the daily 20-SMA for the first time since mid May, that currently stands at 0.9345. Below 0.9300, immediate support could be located at 0.9285 (May 22 low), 0.9250 and 0.9200. On the opposite direction, resistance might lie at 0.9350, 0.9405 (May 20 high) and 0.9480/85.