USD/CHF's recovery stopped at 0.8930

By FXstreet.com | July 10, 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.



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