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21 Jun 2013
USD/CHF backs away from 11-day high
FXstreet.com (Córdoba) - USD/CHF climbed to its highest level in 11 days during the American session, supported by broad greenback strength.
USD/CHF faces profit taking
USD/CHF rallied over 120 pips throughout the day and hit a high of 0.9366 before losing steam amid some profit taking into the weekend. At time of writing, the pair is trading at the 0.9340 zone, where it holds onto a 0.8% gain on the day.
As for technical level, if USD/CHF extends gains past 0.9365, next resistances are seen at 0.9400 (psychological level) and 0.9418 (Jun 10 high), while on the other hand, supports are seen at 0.9330 (intraday level) and 0.9300(psychological level).
USD/CHF faces profit taking
USD/CHF rallied over 120 pips throughout the day and hit a high of 0.9366 before losing steam amid some profit taking into the weekend. At time of writing, the pair is trading at the 0.9340 zone, where it holds onto a 0.8% gain on the day.
As for technical level, if USD/CHF extends gains past 0.9365, next resistances are seen at 0.9400 (psychological level) and 0.9418 (Jun 10 high), while on the other hand, supports are seen at 0.9330 (intraday level) and 0.9300(psychological level).