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1 May 2013
Forex: USD/CHF trims losses after Fed
FXstreet.com (Córdoba) - The US dollar strengthened against the franc after the Fed announced its decision to keep monetary policy unchanged, but it quickly retreated to pre-FOMC levels following the knee-jerk reaction.
USD/CHF spiked toward a session high of 0.9284 but failed to sustain gains and pulled back to the 0.9250 zone. At time of writing, USD/CHF is trading around 0.9270, down 0.2% on the day but off its daily low of 0.9246.
As for technical levels, next resistances are seen at 0.9284 (intraday level), 0.9300 (psychological level) and 0.9350 (21-day SMA). On the flip side, supports could be found at 0.9246 (daily low) and 0.9205 (low Apr 17).
USD/CHF spiked toward a session high of 0.9284 but failed to sustain gains and pulled back to the 0.9250 zone. At time of writing, USD/CHF is trading around 0.9270, down 0.2% on the day but off its daily low of 0.9246.
As for technical levels, next resistances are seen at 0.9284 (intraday level), 0.9300 (psychological level) and 0.9350 (21-day SMA). On the flip side, supports could be found at 0.9246 (daily low) and 0.9205 (low Apr 17).