USD/CHF hovering around 0.9020

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The USD/CHF is moving sideways on Wednesday, currently hovering around 0.9020, at the same price it closed yesterday.



During the European session the pair climbed to 0.9030, hitting the strongest level since June 5. Then bounced to the downside and hit a daily low at 0.9014.



USD/CHF holds above 0.9000



So far the USD/CHF traded all day above 0.9000; it is the first time to do so since early February. The area around 0.9005 - 0.9015, that was an important resistance recently and where today’s lows lie, could become an important support.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF upside rebound likely – SG

  2. Forex News

    Investors still buying CHF despite intervention threat – Growth Aces

  3. Investing

    USD/CHF Possibly Forming Bearish Triangle

  4. Forex News

    USD/CHF in red near 0.9540

  5. Forex News

    USD/CHF upside bias while above 0.9493 – Commerzbank

Trading Center