12 May 2015
USD/CHF trims losses and rises above 0.9250
FXStreet (Córdoba) - USD/CHF recovered ground during the last few hours and trimmed daily losses. Currently trades at 0.9270, 70 pips below yesterday’s closing price but far from the lows.
Earlier the pair dropped sharply from 0.9330 and bottomed on European horus at 0.9210, the lowest level since last Friday, but then bounced to the upside. At the moment, USD/CHF is testing an intraday resistance level located around 0.9270; a break higher could push the pair further to the upside.
The Swiss franc lost ground across the board during the last hours. After being among the top performers on European horus, weakened and erased gains versus its European rivals. While the US dollar remains under pressure in the market, trading near daily lows.
Earlier the pair dropped sharply from 0.9330 and bottomed on European horus at 0.9210, the lowest level since last Friday, but then bounced to the upside. At the moment, USD/CHF is testing an intraday resistance level located around 0.9270; a break higher could push the pair further to the upside.
The Swiss franc lost ground across the board during the last hours. After being among the top performers on European horus, weakened and erased gains versus its European rivals. While the US dollar remains under pressure in the market, trading near daily lows.