USD/CHF retreats from 9-month highs

By FXstreet.com | Updated August 25, 2014 AAA

FXStreet (Córdoba) - The ">USD/CHF started the week trading at the strongtes level since November 2013 and peaked at 0.9177 but then lost momentum. During the European session pulled back and retreated further after Wall Street opening.



The Swiss Franc rose across the board so far during the American session. The USD/CHF recently fell to 0.9140 and currently trades at 0.9145/48. despite pulling back is still above Friday’s closing price.



USD/CHF levels to consider



To the upside, immediate resistance could be located at 0.9160/65 (intraday high) and above here at 0.9175/80 (daily high) followed by 0.9200. On the opposite direction, support might lie at 0.9130/35 and below at 0.9120 and then 0.9100 (August 22 low).



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. USD/CHF rallies to weekly highs after Draghi
    Forex News

    USD/CHF rallies to weekly highs after Draghi

  3. USD/CHF Technical Analysis: Franc Short Remains Active
    Forex News

    USD/CHF Technical Analysis: Franc Short Remains Active

  4. USD/CHF Nears Important Support Line
    Forex News

    USD/CHF Nears Important Support Line

  5. USD/CHF hovering around 0.9570
    Forex News

    USD/CHF hovering around 0.9570

Trading Center