27 Apr 2015
USD/CHF rejected from below 0.09500
FXStreet (Córdoba) - USD/CHF dropped at the beginning of the American session but bounced quickly to the upside, erasing losses.
USD/CHF support at key level
The pair bottomed at 0.9493, the lowest level since April 3, but once again the area around 0.9490 capped the decline. The mentioned area is key short term support area; a consolidation below could open the doors for another slide.
Currently USD/CHF trades at 0.9555/60, slightly higher for the day, about to post the third daily close in a aroud near 0.9550. The pair failed to benefit from a weak US dollar. The Swiss franc is the worst performer among European currencies.
USD/CHF support at key level
The pair bottomed at 0.9493, the lowest level since April 3, but once again the area around 0.9490 capped the decline. The mentioned area is key short term support area; a consolidation below could open the doors for another slide.
Currently USD/CHF trades at 0.9555/60, slightly higher for the day, about to post the third daily close in a aroud near 0.9550. The pair failed to benefit from a weak US dollar. The Swiss franc is the worst performer among European currencies.