USD/CHF rises to 0.9160

By FXstreet.com | Updated August 28, 2014 AAA

FXStreet (Córdoba) - The USD/CHF fell at the beginning of the European session to 0.9125, hitting the lowest price since last Friday , but then bounced to the upside and erased losses. After the release of economic data from the US, peaked at 0.9160.



Despite gaining momentum, the USD/CHF failed to break .09160 and during the last hours it has been steady trading below the mentioned level, around the same price it closed yesterday at 0.9145.



USD/CHF levels to consider



To the upside, immediate resistance lies at 0.9160 (daily high) and above here at 0.9185 (August 27) and 0.9200 (psychological level). On the other direction, support might be located at 0.9140 (intraday level) and below here at 0.9125 (daily low) and 0.9100 (August 22 low).



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