Back
30 Jul 2014
USD/CHF finds resistance at 0.9100
FXStreet (Córdoba) - The USD/CHF is consolidating daily gains but moved off highs after the FOMC statement. During the American session peaked at 0.9105, 6-month high but then pulled back.
The retreat from the highs found support at 0.9075/80 and currently the pair trades at 0.9087, up 0.20% from today’s opening price.
USD/CHF levels to consider
The short term bias still favors the US dollar. To the upside, the immediate resistance lies at 0.9100/05, that capped the bullish run on Wednesday. Above the next potential resistance could be located at 0.9130/35 (January 20, 23 highs). To the downside, support lies at 0.9075 (session low) and 0.9065 (July 30 low).
The retreat from the highs found support at 0.9075/80 and currently the pair trades at 0.9087, up 0.20% from today’s opening price.
USD/CHF levels to consider
The short term bias still favors the US dollar. To the upside, the immediate resistance lies at 0.9100/05, that capped the bullish run on Wednesday. Above the next potential resistance could be located at 0.9130/35 (January 20, 23 highs). To the downside, support lies at 0.9075 (session low) and 0.9065 (July 30 low).