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15 Apr 2015
USD/CHF rejected from below 0.9700
FXStreet (Córdoba) - USD/CHF moved with a bullish bias since the beginning of the day but after the ECB decision, Draghi’s press conference and weak US economic data turned to the downside.
Price dropped from a daily high at 0.9770 to 0.9692. The pair rose quickly back above 0.9700 and currently is trading at 0.9730, around the same level it closed yesterday. The Swiss franc is so for on Wednesday far the best performer among European currencies.
USD/CHF technical levels
To the upside resistance levels might lie at 0.9755/60, 0.9790/95 (Apr 14 high) and 0.9820. On the opposite direction, support could be located at 0.9670/75 (April 14 low), 0.9645 and 0.9595 (Apr 8 low).
Price dropped from a daily high at 0.9770 to 0.9692. The pair rose quickly back above 0.9700 and currently is trading at 0.9730, around the same level it closed yesterday. The Swiss franc is so for on Wednesday far the best performer among European currencies.
USD/CHF technical levels
To the upside resistance levels might lie at 0.9755/60, 0.9790/95 (Apr 14 high) and 0.9820. On the opposite direction, support could be located at 0.9670/75 (April 14 low), 0.9645 and 0.9595 (Apr 8 low).