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28 Feb 2013
Forex: USD/CHF nears 2013 high
The dollar has continued to strengthen during the New York session, and recently broke above the 0.9350 area against the Swissy to reach its highest level in 6 weeks at 0.9371.
The greenback has benefited by the cautious mood on Thursday as the US is only hours away from the so-called 'sequester'. USD/CHF has climbed over 80 pips throughout the day and it is presently trading around 0.9365, where it is 0.8% above its opening price.
As for technical levels, next resistances are seen at 0.9390 (2013 high) and 0.9430 (200-day SMA), while supports in case of pullbacks could be found at 0.9300 (psychological level), 0.9280 (Feb 28 low) and 0.9230 (Feb 25 low).
The greenback has benefited by the cautious mood on Thursday as the US is only hours away from the so-called 'sequester'. USD/CHF has climbed over 80 pips throughout the day and it is presently trading around 0.9365, where it is 0.8% above its opening price.
As for technical levels, next resistances are seen at 0.9390 (2013 high) and 0.9430 (200-day SMA), while supports in case of pullbacks could be found at 0.9300 (psychological level), 0.9280 (Feb 28 low) and 0.9230 (Feb 25 low).