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29 May 2015
USD/CHF falls to 1-week low and rebounds
FXStreet (Córdoba) - USD/CHF lost strength and broke below 0.9400, falling quickly to 0.9345, the lowest level in a week. Then rebounded and it was trading at 0.9420/25.
Greenback was falling for the third day in a row against the Swiss franc and lost all weekly gains. The swissy is among the top performers on Friday, despite economic data from the US and Switzerland.
USD/CHF technical levels
To the upside, resistance might now lie at 0.9450 and 0.9480 (daily high) while to the downside potential support levels could be located at 0.9345/50 (daily low) and 0.9330 (May 20 low) and 0.9300.
Greenback was falling for the third day in a row against the Swiss franc and lost all weekly gains. The swissy is among the top performers on Friday, despite economic data from the US and Switzerland.
USD/CHF technical levels
To the upside, resistance might now lie at 0.9450 and 0.9480 (daily high) while to the downside potential support levels could be located at 0.9345/50 (daily low) and 0.9330 (May 20 low) and 0.9300.