24 Apr 2014
USD/CHF retreats from 0.8850
FXStreet (Córdoba) - The USD/CHF rose after the release of US economic data to 0.8855 reaching a fresh daily high but quickly lost momentum and pulled back sharply, erasing gains in a few minutes. The US dollar weakened also gains the other European currencies.
Currently the pair trades at 0.8818, down 0.18% for the day so far, after falling almost 50 pips since the beginning of the American session.
USD/CHF and a strong barrier around 0.8850/60
Once again the area around 0.8855 capped the upside, just like it did in the previous three trading days. The USD/CHF was rejected again from those levels and so far it has been able to hold above Wednesday’s lows that lie at 0.8806.
Currently the pair trades at 0.8818, down 0.18% for the day so far, after falling almost 50 pips since the beginning of the American session.
USD/CHF and a strong barrier around 0.8850/60
Once again the area around 0.8855 capped the upside, just like it did in the previous three trading days. The USD/CHF was rejected again from those levels and so far it has been able to hold above Wednesday’s lows that lie at 0.8806.