USD/CHF finds resistance below 0.8900

By FXstreet.com | July 02, 2014 AAA

FXStreet (Córdoba) - The USD/CHF is rising for the second day in a row on Wednesday, recovering further after bottoming on Tuesday at 0.8854, the lowest price in almost two months.



A stronger US dollar is supporting the USD/CHF that printed a fresh daily high after the release of the ADP employment report at 0.8897 but then pulled back. Currently trades at 0.8890, with a gain of 0.17% for the day.



USD/CHF levels to watch



To the upside, immediate resistance lies at 0.8900 (daily high) and above here at 0.8920 (June 26 low). While to the downside support levels might be located at 0.8875/80 and then 0.8860.



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