USD/CHF holds near 0.9200

By FXstreet.com | Updated September 01, 2014 AAA

FXStreet (Córdoba) - The USD/CHF rose during the Asian session to 0.9194 reaching the highest price since November 2013, afterwards lost momentum and pulled back modestly but then rose back approaching 0.9200 again.



The pair opened the week with a bullish gap but with the retreat during the European session it was closed. The decline from 2014 highs found support at 0.9175. Currently trades at 0.9191, up 0.08% for the day.



USD/CHF with resistance at 0.9200 and 0.9250



If the USD/CHF ends around current levels, it would be posting the second highest daily close in 11 months. To the upside, a key resistance lies around the 0.9200 area; a break higher could trigger some stops, favoring the upside. On top of the mentioned level, a long term resistance lies at 0.9250 (November 2013 highs).



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