25 Mar 2015
USD/CHF recovering from 3-week lows
FXStreet (Córdoba) - The USD/CHF pair reached a fresh daily high during the American session at 0.9620 after the US dollar gained momentum in the market. The Swiss franc dropped across the board and extended losses versus the euro and the pound.
USD/CHF stabilizes after sharp decline
The pair is rising for the first time after falling during the previous three trading days. A week ago traded at 1.0060 but since then lost almost 500 pips and continues to trade with a bearish bias in the short term.
Today it is stabilizing after bottoming at 0.9536, the lowest since March 2 and is making a correction. A break below 0.9540 could trigger another decline.
USD/CHF stabilizes after sharp decline
The pair is rising for the first time after falling during the previous three trading days. A week ago traded at 1.0060 but since then lost almost 500 pips and continues to trade with a bearish bias in the short term.
Today it is stabilizing after bottoming at 0.9536, the lowest since March 2 and is making a correction. A break below 0.9540 could trigger another decline.