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Forex pairs in this Article » USD/CHF (Chicago) - USD/CHF was unable to sustain performance as bearish pressure became unbearable. The pair hovers around daily lows around 0.9280 zone in the afternoon of the American trading session.

Fed, weak dollar

The Fed’s tapering is again the main focus center for market participants. Today’s results indicate an economy that is still recovering with retail sales underperforming. The greenback trades weaker in the afternoon of the trading session with the USD index at 81.40.

USD/CHF Technical Levels

Price action reveals the pair was capped at 0.9340 to continue falling below the 0.93 zone. The pair is stalled around session depths after a short-lived attempt to break through 0.9330 (double tops). Offered at 0.9289, the pair oscillates between supports at 0.9269 (September 11th lows), 0.9226 (August 27th highs) ahead of 0.9173 (August 27th lows) and resistances at 0.9309 (August 14th lows), 0.9352 (September 7th lows) followed by 0.94 (August 14th highs). According to the trend index, the pair is slightly bearish on one-hour timeframe analysis and pockets 17 pips in losses.
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