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Forex pairs in this Article » USD/CHF (Córdoba) - After failing to break above this week's high, the USD/CHF came under pressure and erased daily gains as the greenback loses momentum across the board with the NY open.

USD/CHF falls below 100-hour SMA

The USD/CHF hit resistance at the 0.9225 level and dropped more than 60 pips over the last hours, breaking below the 100-hour SMA en route to a weekly low of 0.9160. At time of writing, USD/CHF is trading at 0.9170, recording a 0.3% loss on the day.

USD/CHF technical levels

As for technical levels, immediate supports could be found at 0.9160 (daily low) and 0.9135 (200-hour SMA) ahead of 0.9100. On the other hand, resistances on bounces might be faced at 0.9175 (100-hour SMA) and 0.9200 (psychological level).
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