FXStreet (Córdoba) – USD/CHF rose sharply during the European session and peaked at 0.9420/25 but then quickly retreated amid Draghi’s press conference and a delcine of the US dollar across the board. The pair dropped to test daily lows and the 0.9300 area but it capped the decline.
Recently attempted to bounced back to the upside, but it was unable to rise above 0.9350. At the moment trades a t0.9335/40, unchanged for the day.
USD/CHF technical levels
To the upside, resistance levels might lie at 0.9380, 0.9425 (daily high) and 0.9455/60 (May 2 high). On the flip side support could be located at 0.9300 (psychological and daily low), 0.9265 and 0.9240 (May 19 low).
(Market News Provided by FXstreet)