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9 Dec 2014
USD/CHF tumbles below 0.9700
FXStreet (Córdoba) - USD/CHF broke below 0.9700 and dropped quickly to 0.9657, reaching the lowest price since last Thursday. The pair remedies near the lows, eyeing 0.9650, where the next support might lie.
The US dollar is falling sharply across the board, pushing USD/CHF to the downside. Greenback accelerated the decline after Wall Street opening bell and despite economic data. In the US, the JOLTS report, showed that job openings increase from 4.735M to 4.830M, surpassing expectations. The better-than-expect data failed to give support to the USD that trades at daily lows in the currency market.
USD/CHF technical levels
To the downside immediate support lies at 0.9650 and below here at 0.9615 and 0.9600. To the upside, potential resistance levels now could be seen at 0.9700 and then 0.9740 and 0.9775/80 (daily high).
The US dollar is falling sharply across the board, pushing USD/CHF to the downside. Greenback accelerated the decline after Wall Street opening bell and despite economic data. In the US, the JOLTS report, showed that job openings increase from 4.735M to 4.830M, surpassing expectations. The better-than-expect data failed to give support to the USD that trades at daily lows in the currency market.
USD/CHF technical levels
To the downside immediate support lies at 0.9650 and below here at 0.9615 and 0.9600. To the upside, potential resistance levels now could be seen at 0.9700 and then 0.9740 and 0.9775/80 (daily high).