USD/CHF extends 0.9050's rejection to 0.9035

By FXstreet.com | Updated July 28, 2014 AAA

FXStreet (San Francisco) - The USD/CHF tested the 0.9050 level several times in the Asian and European session on Monday, however the pair wasn't able to break above it. Now the pair is trading down at daily lows around 0.9030.



Currently, USD/CHF is trading at 0.9036, down 0.13% on the day, having posted a daily high at 0.9053 and low at 0.9030. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.



USD/CHF levels



If the pair continues to extend its decline, it would face supports at 0.9025, 0.9015 and 0.9005. On the upside, resistances are at 0.9050, 0.9075, and 0.9100.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF set to move towards 1.0100 – Commerzbank

  2. Forex News

    USD/CHF flirting with 0.97

  3. Forex News

    USD/CHF capped by 10-DMA

  4. Forex News

    USD/CHF still recovering, long for 1.0100 – Commerzbank

  5. Forex News

    USD/CHF Technical Analysis: Selloff Pauses Below 0.95

Trading Center