USD/CHF rejected from below 0.8900

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The USD/CHF bottomed during the European session at 0.8897, reaching the lowest price in a week but then bounced to the upside, after being rejected from under 0.8900.



Greenback recovered momentum and on American hours climbed to 0.8918. Currently trades at 0.8913, less than 10 pips below Friday’s closing price.



USD/CHF levels to consider



To the upside, the key short term resistance level lies at 0.8930, that capped the upside during the last four trading days. To the downside, the 0.8900 area continues to offer support; below the next support might be located at 0.8875/80 (July 1 high).



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