27 September 2013, 17:53  USD/CHF steady after US data

The USD/CHF has extended losses as once it broke below the 0.9075 support area, selling pressure intensified over the pair. US personal spending and income data offered little surprise coming mainly in line with expectations and barely affecting the greenback. USD/CHF stretched to a fresh nearly 8-month low of 0.9030 in recent dealings and it is currently around 0.9040, recording a 0.7% loss on the day. As for technical levels, USD/CHF could find immediate supports at 0.9020 (Feb 1 low) and 0.9000 (psychological level), while resistances are seen at 0.9110 (daily high) and 0.9135 (10-day SMA).

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