USD/CHF rebounds at 0.8960 and rises to 0.9000

By FXstreet.com | Updated July 30, 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.



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