6 Apr 2015
USD/CHF hovering above 0.9500
FXStreet (Córdoba) - USD/CHF is trading slightly above 0.9500, below Friday’s closing price but still on top of last week lows. The Swiss franc is the worst performer among European currencies on Monday, while the US dollar is falling across the board.
USD/CHF testing 0.9500
The pair opened the week trading at 0.9505 but then rose and peaked during the Asian session at 0.9535, the highest level since the release of the NFP report.
Since the European session the pair is moving with a bearish bias but the area around 0.9500 capped the decline. Currently it trades at 0.9510/15, around Friday’s closing price. Last week, the USD/CHF pair posted the the third weekly decline in a row, extending the retreat after reaching 1.0128 on March 12.
USD/CHF testing 0.9500
The pair opened the week trading at 0.9505 but then rose and peaked during the Asian session at 0.9535, the highest level since the release of the NFP report.
Since the European session the pair is moving with a bearish bias but the area around 0.9500 capped the decline. Currently it trades at 0.9510/15, around Friday’s closing price. Last week, the USD/CHF pair posted the the third weekly decline in a row, extending the retreat after reaching 1.0128 on March 12.