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13 Aug 2013
USD/CHF breaks above 0.9300
FXstreet.com (Córdoba) - The USD/CHF rose to fresh daily highs at the beginning of the New York session after data showed US retail sales grew slightly below expectations in July.
USD/CHF extends gains after US retail sales
The USD received a mild boost and extended gains versus the euro and the franc after retail sales rose 0.2% in July. Sales were still 5.4% higher from a year ago.
The USD/CHF, which was already trading at daily highs, broke above the 0.9300 mark and hit an 8-day peak of 0.9333 before losing momentum and pulling back slightly. At time of writing, USD/CHF is trading at the 0.9320 zone, where it records a 0.7% gain on the day.
USD/CHF technical levels
In terms of technical levels, USD/CHF could face immediate resistances at 0.9333 (daily high) and 0.9370 (Aug 1 high) ahead of 0.9400. On the downside, supports are now seen at 0.9255 (daily low) and 0.9215 (Aug 12 low).
USD/CHF extends gains after US retail sales
The USD received a mild boost and extended gains versus the euro and the franc after retail sales rose 0.2% in July. Sales were still 5.4% higher from a year ago.
The USD/CHF, which was already trading at daily highs, broke above the 0.9300 mark and hit an 8-day peak of 0.9333 before losing momentum and pulling back slightly. At time of writing, USD/CHF is trading at the 0.9320 zone, where it records a 0.7% gain on the day.
USD/CHF technical levels
In terms of technical levels, USD/CHF could face immediate resistances at 0.9333 (daily high) and 0.9370 (Aug 1 high) ahead of 0.9400. On the downside, supports are now seen at 0.9255 (daily low) and 0.9215 (Aug 12 low).