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10 Apr 2015
USD/CHF retreats from 3-week highs
FXStreet (Córdoba) - USD/CHF rose earlier to 0.9836, hitting the strongest level since March 20 and then pulled back. The decline from the highs found support at 0.9480 and currently is trading at 0.9490.
USD/CHF hold a bullish tone
The pair is rising for the fifth day in a row and is up more than 3% since last Friday. Short term technical reading show overbought conditions but the hourly chart shows the pair above an uptrend line, that at the moment stands at 0.9740/50.
Technical levels
To the upside resistance levels might lie at 0.9815, 0.9840 and 0.9870 (Mar 9 high). On the opposite direction support could be located at 0.9780 (American session low), 0.9745 (daily low) and 0.9690.
USD/CHF hold a bullish tone
The pair is rising for the fifth day in a row and is up more than 3% since last Friday. Short term technical reading show overbought conditions but the hourly chart shows the pair above an uptrend line, that at the moment stands at 0.9740/50.
Technical levels
To the upside resistance levels might lie at 0.9815, 0.9840 and 0.9870 (Mar 9 high). On the opposite direction support could be located at 0.9780 (American session low), 0.9745 (daily low) and 0.9690.