USD/CHF breaks below 0.8930

By FXstreet.com | July 08, 2014 AAA

The USD/CHF broke the 0.8930 in the last few minutes following a 20-pip down movement from 0.8945 to break below the 0.8930 and to test daily lows around 0.8920.



Currently, USD/CHF is trading at 0.8925, down 0.12% on the day, having posted a daily high at 0.8947 and low at 0.8921. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.



USD/CHF levels



If the pair extends declines below 0.8920, it would face supports at 0.8910 and 0.8885. On the upside, resistances are seen at 0.8945, 0.8955 and 0.8975.



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