FXStreet (Córdoba) – USD/CHF is back moving toward daily lows after a short-lived bounce upside attempt was capped by the 1.0160 zone.
In the absence of economic data, USD/CHF has been oscillating in a range over the last sessions, unable to make a directional move.
USD/CHF started the week hitting a fresh 7-week high of 1.0167 but failed to hold and pulled back to the 1.0125 area before finding support. Despite a bounce attempt, the pair turned back south and fell to the lower-side of its daily range. At time of writing, the pair is trading at 1.0132, 0.16% below its opening price.
USD/CHF technical levels
In terms of technical levels, next resistances are seen at 1.0167 (Jan 25 high) and 1.0200 (psychological level) ahead of 1.0263 (Dec 3 high). On the downside, next supports could be found at 1.0124 (Jan 25 low) and 1.0061 (10-day SMA).
(Market News Provided by FXstreet)