FXStreet (Córdoba) - The USD/CHF lost steam and is falling on Thursday after rising in the previous three trading days. On Asian hours climbed to 0.9145, reaching multi-month highs and then pulled back.

Initially the retreat found support at 0.9125 but after Wall Street opening bell resumed the downside, broke below and fell to 0.9110. Price remains near the lows, 20 pips below where it was at the beginning of the day.

Greenback lost momentum against the Euro and the Swiss Franc in the last hours and pulled back from the highs but is still moving with an upside bias as investors turn its attention toward Janet Yellen`s speech to be delivery on Friday at Jackson Hole.

You May Also Like

Related Forex Analysis
  1. Forex News

    USD/CHF revisits Friday's highs

  2. Forex News

    USD/CHF flat around 0.9425

  3. Forex News

    USD/CHF has been sidelined

  4. Forex News

    USD/CHF Technical Analysis: Franc Declines to Monthly Low

  5. Forex News

    USD/CHF reverses losses and climbs to 3-week highs

Trading Center