USD/CHF extends decline below 0.8925

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - The USD/CHF rose from daily lows around 0.8915 to peak at 0.8940 in the European morning; however the pair found selling interest at highs and now it is trading back at 0.8920.



Currently, USD/CHF is trading at 0.8925, down 0.10% on the day, having posted a daily high at 0.8939 and low at 0.8917. 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 sentiment



The USD/CHF would face next supports at 0.8915, 0.8905 and 0.8900. On the upside, resistances are at 0.8940, 0.8955 and 0.8970.



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