19 Jun 2014
USD/CHF rebounds and trims losses
FXStreet (Córdoba) - The USD/CHF gained momentum after Wall Street opening bell and recovered ground. The US dollar strengthened in the last hours and trimmed losses across the board.
After bottoming at 0.8909, reaching a 2-week low the USD/CHF rebounded, rising more than 30 pips. Currently trades at 0.8944, down 0.15% for the day but moving to the upside, approaching 0.8950.
USD/CHF levels to watch
The pair is still facing some bearish pressure in the short term but the area around 0.8900 is an important support. A break below could trigger a bigger slide.
To the upside, resistance is seen at 0.8955 and above here, at the 0.9010 level that capped the upside during the last two weeks.
After bottoming at 0.8909, reaching a 2-week low the USD/CHF rebounded, rising more than 30 pips. Currently trades at 0.8944, down 0.15% for the day but moving to the upside, approaching 0.8950.
USD/CHF levels to watch
The pair is still facing some bearish pressure in the short term but the area around 0.8900 is an important support. A break below could trigger a bigger slide.
To the upside, resistance is seen at 0.8955 and above here, at the 0.9010 level that capped the upside during the last two weeks.