USD/CHF completes 60-pip decline to 0.9040

By FXstreet.com | August 13, 2014 AAA

FXStreet (San Francisco) - The USD/CHF is extending its decline from 0.9100 area and following the US retail sales, the pair fell to 0.9040 where the USD found some buying interest. Now it is at 0.9055.



The USD/CHF is joining its negative correlation with the EUR/USD as the unique currency jumped to trade above 1.3400 level just after weaker than expected data.



Currently, USD/CHF is trading at 0.9056, down 0.23% on the day, having posted a daily high at 0.9100 and low at 0.9040. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.



USD/CHF levels



If the pair holds above 0.9040, next resistances would 0.9070 and 0.9100. On the downside, pair will face supports at 0.9040, 0.9030 and 0.9015.



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