USD/CHF bounces at 0.8500; back above 0.8600

FXStreet (San Francisco) - The USD/CHF fell around 280 pips from 0.8750 traded in the European session to test the 0.8500 level in the American morning; however, the USD/CHF bounced off the 0.8500 after the rumors on the ECB and its QE, and now it is trading around 0.8640.

Currently, USD/CHF is trading at 0.8615, down 1.64% on the day, having posted a daily high at 0.8775 and low at 0.8501. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/CHF levels

If the pair extends its rebound, it will find next resistances at 0.8650, 0.8780 and 0.8810. To the downside, 0.8500, 0.8450 and 0.8310 are supports.