USD/CHF finds resistance at 0.8950

By FXstreet.com | June 06, 2014 AAA

FXStreet (Córdoba) - The USD/CHF is recovering round on Friday after plunging yesterday. The decline after Draghi’s press conference found support above 0.8900. Pair remained calm during the Asian session and then turned to the upside.



Right after NFP the USD/CHF dropped toward 0.8900 but rebounded and climbed to 0.8950, hitting a fresh daily high. Currently trades at 0.8938, up 0.31% for the day.



With yesterday's decline, price fell below the price it opened the week and is now headed toward the first weekly loss since late April, favoured by the ECB announcement.



comments powered by Disqus
Related Forex Analysis
  1. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  2. USD/CHF Consolidates Around Long Term 50% Retracement
    Forex News

    USD/CHF Consolidates Around Long Term 50% Retracement

  3. USD/CHF drops further
    Forex News

    USD/CHF drops further

  4. Short Euro, Aussie and Swiss Franc Trades in Play
    Forex News

    Short Euro, Aussie and Swiss Franc Trades in Play

  5. Big Day for FX Markets - What We’re Watching
    Forex News

    Big Day for FX Markets - What We’re Watching

Trading Center