Forex: USD/CHF holds above 0.8460

FXstreet.com (Barcelona) - The USD/CHF found firm support around the 0.8460, following a nearly 60 pip slide from the day's high near 0.8520. The Swiss franc has been strengthened once again across the board by an uptick in overall risk aversion amid the EU finance ministers announcement to postpone any decision regarding the Greek bailout until July.

With the economic calendar unusually light today, the USD/CHF hovers to the upside of 0.8460 in wait of fresh impulse. If the pair manages to break below, expect further critical levels to present themselves at 0.8443 (Daily Low Jun 15 & 17), 0.8440 (10-Day MA) and 0.8347 (Daily Low Jun 8 & 14). Above, resistance is placed at 0.8552 (Daily High Jun 15), 0.8564 (38.2% of 0.8749-0.8327) and 0.8733 (Daily High May 26).