USD/CHF, big loser in post-US data's Dollar dollar selloff

FXStreet (San Francisco) - With a 40-pip decline from 0.9515 to test lows since Oct. 22 at 0.9475, the USD/CHF became one of the biggest losers in the latest US dollar weak movement.

The pair is joining the weak dollar environment and its negative correlation with EUR/USD and the unique currency's recent climb to 1.2720. Currently, USD/CHF is trading at 0.9489, down 0.32% on the day, having posted a daily high at 0.9523 and low at 0.9477.

USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/CHF levels

With a break below the 0.9475, the USD/CHF will face next supports at 0.9445 and 0.9400. To the upside, resistances are at 0.9500, 0.9520 and 0.9530.