23 Apr 2014
USD/CHF rebounds at 0.8805
FXStreet (Córdoba) - The USD/CHF gained momentum during the American session and trimmed losses. Currently is attempting to rise back above 0.8830, as it trades at 0.8827, down 0.23% for the day so far but away from the lows.
On European hours the USD/CHF weakened and accelerated to the downside and bottomed at 0.8805, reaching the lowest price since April 17. But the US dollar strengthened afterwards particularly against European currencies and the USD/CHF rebounded.
Levels to watch for the USD/CHF
To the upside immediate resistance lies at 0.8835 (April 17, 18 high) and above here at 0.8855/60 (April 22 high) and 0.8880. While on the opposite direction support might be located at 0.8805 and below here at 0.8775/80 (April 15, 16 and 17 lows).
On European hours the USD/CHF weakened and accelerated to the downside and bottomed at 0.8805, reaching the lowest price since April 17. But the US dollar strengthened afterwards particularly against European currencies and the USD/CHF rebounded.
Levels to watch for the USD/CHF
To the upside immediate resistance lies at 0.8835 (April 17, 18 high) and above here at 0.8855/60 (April 22 high) and 0.8880. While on the opposite direction support might be located at 0.8805 and below here at 0.8775/80 (April 15, 16 and 17 lows).