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22 May 2014
USD/CHF testing 0.8950
FXStreet (Córdoba) - The USD/CHF approached yesterday’s highs and currently is testing the 0.8950 level, consolidating moderate daily gains. After peaking on Wednesday at 0.8965 the pair pulled back and retreated.
On Thursday the pair bottomed at 0.8923 but then bounced to the upside and climbed, reaching the highest price during the American session at 0.8951.
USD/CHF key resistance ahead
Price continues to hold near the 0.8950/65 area that is a key resistance. Once in April and so far two times in May the zone was tested but the US dollar failed to make a clear break higher.
A consolidation above 0.9865 could trigger stops and pushed the USD/CHF toward 0.9000.
On Thursday the pair bottomed at 0.8923 but then bounced to the upside and climbed, reaching the highest price during the American session at 0.8951.
USD/CHF key resistance ahead
Price continues to hold near the 0.8950/65 area that is a key resistance. Once in April and so far two times in May the zone was tested but the US dollar failed to make a clear break higher.
A consolidation above 0.9865 could trigger stops and pushed the USD/CHF toward 0.9000.