USD/CHF rebounds at 0.8960 and rises to 0.9000

By FXstreet.com | June 13, 2014 AAA

FXStreet (Córdoba) - The USD/CHF printed a fresh daily high at 0.9003 and currently is hovering around 0.9000, up 20 pips from yesterday’s closing price.



On European hours the USD/CHF broke below 0.8970 and fell to 0.8958, hitting the lowest level in four days but then rebounded sharply and rose toward 0.9000.



USD/CHF between key levels



To the downside, the support area around 0.8950 remains intact while to the upside, the 0.9000 zone continues to offer resistance. The US dollar remains unable to make a strong rally above. Immediate resistance might lie at 0.9010 and then 0.9030.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY in no mood for deep decline; settled at 108.80
    Forex News

    USD/JPY in no mood for deep decline; settled at 108.80

  2. EUR/USD attempts to develop upside correction
    Forex News

    EUR/USD attempts to develop upside correction

  3. Pound has room to extend latest gains - JPMorgan
    Forex News

    Pound has room to extend latest gains - JPMorgan

  4. USD positioning largely unchanged in the lead-up to FOMC - ANZ
    Forex News

    USD positioning largely unchanged in the lead-up to FOMC - ANZ

  5. EUR/USD bears in full control - JPMorgan
    Forex News

    EUR/USD bears in full control - JPMorgan

Trading Center