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8 May 2013
Forex: USD/CHF retests weekly lows
FXstreet.com (Córdoba) - USD/CHF printed yet another daily low during the American afternoon, as the US dollar continues to be sold across the board.
USD/CHF extended its decline to a fresh 2-day low of 0.9336, roughly at the same level it bottomed out on May 6, and continues to trade slightly above that point, recording a % loss on the day.
In terms of technical levels, below 0.9336, next supports for the cross are seen at 0.9300 (psychological level) and 0.9265 (low May 2), while resistances might be faced at 0.9410 (daily high) followed by 0.9435 (high May 7).
USD/CHF extended its decline to a fresh 2-day low of 0.9336, roughly at the same level it bottomed out on May 6, and continues to trade slightly above that point, recording a % loss on the day.
In terms of technical levels, below 0.9336, next supports for the cross are seen at 0.9300 (psychological level) and 0.9265 (low May 2), while resistances might be faced at 0.9410 (daily high) followed by 0.9435 (high May 7).