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22 Apr 2013
Forex: USD/CHF hits 2-week high
FXstreet.com (Córdoba) - The US dollar strengthened across the board at the beginning of the American session as risk sentiment deteriorated after data showed the US economy stood below trend potential in March, according to the Chicago Fed national activity index.
Against this backdrop, USD/CHF pushed higher and reached its strongest level in nearly 2 weeks at 0.9358 before finding resistance. At time of writing, USD/CHF is quoting at the 0.9350/55 area, where it records a 0.4% daily gain.
In terms of technical levels, the Mataf.net analyst team locates immediate resistances at 0.9365 and 0.9390, while they see next supports at 0.9335 and 0.9310.
Against this backdrop, USD/CHF pushed higher and reached its strongest level in nearly 2 weeks at 0.9358 before finding resistance. At time of writing, USD/CHF is quoting at the 0.9350/55 area, where it records a 0.4% daily gain.
In terms of technical levels, the Mataf.net analyst team locates immediate resistances at 0.9365 and 0.9390, while they see next supports at 0.9335 and 0.9310.