FXStreet (Córdoba) – USD/CHF is taking a breather in a quiet session, with the franc recovering some ground after three days of losses against the dollar.
USD/CHF reached a 1-month peak of 0.9542 at the beginning of the New York session, but failed to sustain gains and eased somewhat At time of writing, the pair is trading at 0.9500, 0.28% below its opening price.
USD/CHF levels to watch
In terms of technical levels, USD/CHF could find immediate resistances at 0.9542 (daily high), 0.9571 (Apr 29 high) and 0.9596/0.9600 (Apr 28 high/psychological level). On the downside, supports are seen at 0.9476 (100-day SMA), 0.9443 (May 26 low) and 0.9304 (May 25 low).
(Market News Provided by FXstreet)