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20 Dec 2013
USD/CHF rises to 0.8890, fresh 2-week highs
FXstreet.com (Córdoba) - The USD/CHF rose for the second day in a row and finished Thursday at 0.8972, 135 pips above the price it had two days ago. The Swiss Franc was among the worst performers on Thursday, extending the decline in the market that started after the FOMC decision to start tapering.
Technical levels for the USD/CHF
During the American session the rally of the pair found resistance at 0.8990 (2-week highs) and pulled back to 0.8960. Currently trades at 0.8974, down 0.09% for the day. The US dollar is holding weekly gains, far from 2013 lows that lie at 0.8830.
To the upside, resistance comes at 0.8890 (December 18th highs), 0.9010 and 0.9040 while to the downside support levels above 0.8830 might lie at 0.8920 and 0.8880.
Technical levels for the USD/CHF
During the American session the rally of the pair found resistance at 0.8990 (2-week highs) and pulled back to 0.8960. Currently trades at 0.8974, down 0.09% for the day. The US dollar is holding weekly gains, far from 2013 lows that lie at 0.8830.
To the upside, resistance comes at 0.8890 (December 18th highs), 0.9010 and 0.9040 while to the downside support levels above 0.8830 might lie at 0.8920 and 0.8880.