USD/CHF hovering around 0.9020

By FXstreet.com | July 23, 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.



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