21 May 2015
USD/CHF consolidates around 0.9350
FXStreet (Córdoba) - USD/CHF is trading slightly lower on Thursday, after the dollar trimmed losses despite the release of weak economic data from the US. The pair bottomed on European hours at 0.9304, the lowest level in two day but then bounced to the upside and currently trades at 0.9340/50.
The pair is falling for the second day in a row but still remain above 0.9300 and near May highs. Greenback lost strength yesterday after FOMC minutes and also today after economic data suggested some deceleration in economic growth.
USD/CHF technical levels
To the upside, resistance levels might lie at 0.9380 (daily high) and 0.9405 (May 20 high). On the opposite direction support could be located at 0.9330 (intraday level), 0.9300 and 0.9275.
The pair is falling for the second day in a row but still remain above 0.9300 and near May highs. Greenback lost strength yesterday after FOMC minutes and also today after economic data suggested some deceleration in economic growth.
USD/CHF technical levels
To the upside, resistance levels might lie at 0.9380 (daily high) and 0.9405 (May 20 high). On the opposite direction support could be located at 0.9330 (intraday level), 0.9300 and 0.9275.