USD/CHF's recovery stopped at 0.8930

By FXstreet.com | Updated July 30, 2014 AAA

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.



USD/CHF levels



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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF capped by 10-DMA

  2. Forex News

    USD/CHF still recovering, long for 1.0100 – Commerzbank

  3. Forex News

    USD/CHF Technical Analysis: Selloff Pauses Below 0.95

  4. Forex News

    USD/CHF consolidating weekly losses

  5. Forex News

    USD/CHF capped by 0.97

Trading Center