Forex: USD/CHF trading negatively at 0.9114/17

FXstreet.com (Barcelona) - The USDCHF has continued its decline Thursday as it now flirts with session lows, established in the region of 0.9114/17. As of European trading, the pair has failed to hold onto any momentum, instead wavering to the tune of a -0.18% loss thus far in the day.

According to the analyst team at AceTrader, "the dollar's retreat from last Friday's high of 0.9179 towards 0.9111 yesterday suggests the correction during December's 7.5 month low at 0.9085 has 'possibly' ended, culminating in a decline from 0.9972 (July), which should resume for a re-test of said support, below which would extend towards 0.9043/45."

Briefing the technical levels, the analyst team at AceTrader points to supportive measures at 0.9085, followed by 0.9043, onto 0.9003. Conversely, resistive means will trigger if the USDCHF rises past 0.9179, then 0.9194, and finally 0.9215.