28 Apr 2014
USD/CHF rebounds from 0.8770 and erases daily losses
FXStreet (Córdoba) - The USD/CHF rose 40 pips in the last hours and erased losses. The US dollar gained momentum across the board after Wall Street opening and boosted the pair, that rebounded sharply, after bottoming at 0.8770, the lowest price since April 14.
Recently the USD/CHF rose to 0.8811 but during the Asian session peaked at 0.8826 before bouncing sharply to the downside. Currently trades at 0.8806, down 0.10% for the day.
Level to watch for USD/CHF
To the upside, immediate resistance lies at 0.8815/20 and above here at 0.8835 (April 18, 22 high) and 0.8855. To the downside, 0.8800 is again a support to consider and below here comes 0.8775 and then 0.8755 and 0.8725 (March 18 low).
Recently the USD/CHF rose to 0.8811 but during the Asian session peaked at 0.8826 before bouncing sharply to the downside. Currently trades at 0.8806, down 0.10% for the day.
Level to watch for USD/CHF
To the upside, immediate resistance lies at 0.8815/20 and above here at 0.8835 (April 18, 22 high) and 0.8855. To the downside, 0.8800 is again a support to consider and below here comes 0.8775 and then 0.8755 and 0.8725 (March 18 low).