USD/CHF consolidating below 0.9550

FXStreet (Córdoba) - USD/CHF is trading slightly lower on Friday and recently printed a fresh daily low at 0.9525 on a slow session. So far the pair moved in a small price action range: peaked during the European session at 0.9545 and then turned to the downside.

USD/CHF up for the week

On a calm Friday, Greenback despite making a modest pullback, is consolidating weekly gains versus the Swiss franc .After falling in the previous two weeks is about to close Friday, 60 pips above the level it had a week ago.

During the week the pair broke an important short term resistance ending a bearish correction that started from 0.9670 and bottomed October 15 at 0.9360.