FXStreet (Córdoba) - The USD/CHF hit a fresh daily high at 0.9104 but once again it failed to hold and pulled back. After the ECB decision and during Mario Draghi’s press conference bottomed at 0.9065 but then reversed and jumped above 0.9100.



Currently trades at 0.9085/90, up 0.18% so far today. Price continues to move without a clear trend for the day.



USD/CHF remains sideways

Since last week the pair is moving sideways around 0.9070, facing a strong resistance below 0.9110 and with support above 0.9040. The consolidation follows a rally that started in May and brought the pair from 0.8705 to 0.9000 in May and after a correction in June, resumed the upside, reaching levels on top of 0.9100 last week.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    US Dollar Risks to the Downside on a Break of these Key Levels

  2. Forex News

    USD/CHF eases-off highs, near 0.9645

  3. Forex News

    USD/CHF Technical Analysis: Treading Water Below 0.97

  4. Forex News

    USD/CHF Pulls Back from 3 Month High

  5. Forex News

    USD/CHF hits 3-months highs and retreats

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!