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3 Feb 2015
USD/CHF falls to 5-DMA
FXStreet (Mumbai) - The USD/CHF pair fell to 5-DMA located at 0.9220 levels as a sharp recovery in Crude prices led to a broad based weakness in the US dollar.
Pair trades below hourly 50-SMA
The pair trades below the hourly 50-SMA located at 0.9254 levels and appears on its way to test the hourly 100-SMA located at 0.9202 levels. Meanwhile, on the weekly charts the pair has managed to sustain above the 50-SMA and 100-SMA located at 0.9201 and 0.9211 levels.
The losses in the USD/CHF pair may be capped as gains in the Franc may be capped by speculation of the Swiss National Bank adopting an unofficial EUR/CHF target.
USD/CHF Technical Levels
The immediate support is seen at 0.9196, under which losses could be extended to 0.9160 levels. Meanwhile, resistance is seen at 0.9281 and 0.9368 (200-DMA) levels.
Pair trades below hourly 50-SMA
The pair trades below the hourly 50-SMA located at 0.9254 levels and appears on its way to test the hourly 100-SMA located at 0.9202 levels. Meanwhile, on the weekly charts the pair has managed to sustain above the 50-SMA and 100-SMA located at 0.9201 and 0.9211 levels.
The losses in the USD/CHF pair may be capped as gains in the Franc may be capped by speculation of the Swiss National Bank adopting an unofficial EUR/CHF target.
USD/CHF Technical Levels
The immediate support is seen at 0.9196, under which losses could be extended to 0.9160 levels. Meanwhile, resistance is seen at 0.9281 and 0.9368 (200-DMA) levels.