6 May 2014
USD/CHF falls to 0.8720, 7--week low
FXStreet (Córdoba) - The ">USD/CHF fell further in the last hours and bottomed at 0.8720, reaching the lowest price since March 17. Afterwards rebounded slightly and currently trades at 0.8740, down 0.41% for the day so far.
The Swiss Franc is rising for the fourth time out of the last five days against the US dollar. Greenback is among the worst performers and is falling sharply across the board.
USD/CHF Levels to consider
Below 0.8720, attention would turn to the 0.8700 that is the next support. If price fall below 0.8698 it would be trading at levels not seen since October 2011. To the upside, resistance could be located at 0.8750 and above here at 0.8765 and 0.8780 (May 5 high).
The Swiss Franc is rising for the fourth time out of the last five days against the US dollar. Greenback is among the worst performers and is falling sharply across the board.
USD/CHF Levels to consider
Below 0.8720, attention would turn to the 0.8700 that is the next support. If price fall below 0.8698 it would be trading at levels not seen since October 2011. To the upside, resistance could be located at 0.8750 and above here at 0.8765 and 0.8780 (May 5 high).