FXStreet (San Francisco) - The USD/CHF's recovery from 1-week lows around 0.8900 found selling interest around 0.8930 as the pair is joining its negative correlation with the EUR/USD. USD/CHF is now back testing 0.8915.
Currently, USD/CHF is trading at 0.8919, up 0.11% on the day, having posted a daily high at 0.8930 and low at 0.8900. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.
If the pair continues to retrace, next supports are at 0.8900, 0.8885 and 0.8860. On the upside, resistances are at 0.8930, 0.8945 and 0.8960.