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14 May 2015
USD/CHF recovers from weekly lows
FXStreet (Córdoba) - USD/CHF managed to regain the 0.9100 level at the beginning of the New York session, after bouncing from a weekly low of 0.9077.
The dollar edged slightly higher versus most competitors following the release of the latest string of mixed US data. While jobless claims dropped to 264K and stayed near a 15-year low, producer prices fell more than expected, showing lack of inflation pressure.
USD/CHF has risen half a cent over the last hours, trimming daily losses. However, the dollar lacked to gather momentum and the bounce was capped by 0.9126. At time of writing, USD/CHF is trading at 0.9120, still down 0.47% on the day.
USD/CHF levels to watch
On the downside, immediate supports could be found at 0.9077/70 (daily low/May 7 low), 0.9040 (Jan 29 low) and 0.9000 (psychological level). On the upside, resistances are seen at 0.9175 (daily high), 0.9200 (psychological level) and 0.9252 (10-day SMA).
The dollar edged slightly higher versus most competitors following the release of the latest string of mixed US data. While jobless claims dropped to 264K and stayed near a 15-year low, producer prices fell more than expected, showing lack of inflation pressure.
USD/CHF has risen half a cent over the last hours, trimming daily losses. However, the dollar lacked to gather momentum and the bounce was capped by 0.9126. At time of writing, USD/CHF is trading at 0.9120, still down 0.47% on the day.
USD/CHF levels to watch
On the downside, immediate supports could be found at 0.9077/70 (daily low/May 7 low), 0.9040 (Jan 29 low) and 0.9000 (psychological level). On the upside, resistances are seen at 0.9175 (daily high), 0.9200 (psychological level) and 0.9252 (10-day SMA).