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12 Mar 2015
USD/CHF steadies around 1.0000
FXStreet (Córdoba) - USD/CHF pulled back from 2-month highs on Thursday as the rally of the greenback paused following strong gains accomplished over the past days.
USD/CHF briefly dropped below the parity level and hit a low of 0.9980 following disappointing US retail sales data. With the subsequent bounce capped by the 1.0050 zone, the pair entered a sideways phase during the last hours. At time of writing, USD/CHF is trading at 1.0017, still 0.70% below its opening price.
Nevertheless, USD/CHF has risen nine out of the last eleven trading days, staging a steep recovery following the SNB decision to abandon the EUR/CHF floor.
USD/CHF levels to watch
In terms of technical levels, next supports are seen at 0.9980 (daily low) and 0.9949 (100-hour SMA). On the other hand, resistances could be found at 1.0126 (daily high) and 1.0200 (psychological level).
USD/CHF briefly dropped below the parity level and hit a low of 0.9980 following disappointing US retail sales data. With the subsequent bounce capped by the 1.0050 zone, the pair entered a sideways phase during the last hours. At time of writing, USD/CHF is trading at 1.0017, still 0.70% below its opening price.
Nevertheless, USD/CHF has risen nine out of the last eleven trading days, staging a steep recovery following the SNB decision to abandon the EUR/CHF floor.
USD/CHF levels to watch
In terms of technical levels, next supports are seen at 0.9980 (daily low) and 0.9949 (100-hour SMA). On the other hand, resistances could be found at 1.0126 (daily high) and 1.0200 (psychological level).