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23 May 2013
USD/CHF recovery capped by 0.9700
FXstreet.com (Córdoba) - Even though the latest string of US data came in above expectations, the US dollar failed to gather momentum to stage a significant recovery against the Swissy and the yen.
USD/CHF bounced from a low of 0.9632 during the European session and climbed to the 0.9695 area before the recovery was capped. At time of writing, USD/CHF is trading around 0.9685, 1.0% below its opening price.
As for technical levels, immediate resistance levels are seen at 0.9695/0.9700 (intraday level/psychological level) and 0.9770 (intraday resistance), while supports could be found at 0.9632 (daily low) and 0.9600 (psychological level).
USD/CHF bounced from a low of 0.9632 during the European session and climbed to the 0.9695 area before the recovery was capped. At time of writing, USD/CHF is trading around 0.9685, 1.0% below its opening price.
As for technical levels, immediate resistance levels are seen at 0.9695/0.9700 (intraday level/psychological level) and 0.9770 (intraday resistance), while supports could be found at 0.9632 (daily low) and 0.9600 (psychological level).