USD/CHF finds resistance at 0.9100

By FXstreet.com | July 30, 2014 AAA

FXStreet (Córdoba) - The USD/CHF is consolidating daily gains but moved off highs after the FOMC statement. During the American session peaked at 0.9105, 6-month high but then pulled back.



The retreat from the highs found support at 0.9075/80 and currently the pair trades at 0.9087, up 0.20% from today’s opening price.



USD/CHF levels to consider

The short term bias still favors the US dollar. To the upside, the immediate resistance lies at 0.9100/05, that capped the bullish run on Wednesday. Above the next potential resistance could be located at 0.9130/35 (January 20, 23 highs). To the downside, support lies at 0.9075 (session low) and 0.9065 (July 30 low).



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