USD/CHF hits fresh lows below 0.8950

By FXstreet.com | June 23, 2014 AAA

FXStreet (Córdoba) - The USD/CHF slipped further and reached a fresh daily low at 0.8939. Headed toward the closing bell in Wall Street the pair remains near the lows, 15 pips below the price it closed on Friday.



On European hours the pair rose to 0.8966 but quickly pulled back. So far, it is a quiet day for the currency market and USD/CHF price action has remained within Friday’s range.



USD/CHF worst week since April



Last week the USD/CHF had the worst weekly result since April, falling 40 pips. But on a wider perspective, it continues to move sideways with support above 0.8900 and resistance below 0.9010.



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