7 Apr 2014
The USD/CHF extends its decline and now tests the 0.8870
FXStreet (San Francisco) - The US dollar is extending its decline against the Swiss Franc as the pair under pressure from its negative correlation from the EUR/USD. After breaking below the 0.8900 in the European session, the USD/CHF is now testing the 0.8870 area.
Currently, USD/CHF is trading at 0.8880, down 0.49% on the day, having posted a daily high at 0.8929 and low at 0.8871. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CHF levels to watch
Below 0.8880, the US dollar versus Swiss Franc exchange rate would face supports at 0.8870, 0.8840 and 0.8815. On the upside, resistances are at 0.8900, 0.8925 and 0.8950.
Currently, USD/CHF is trading at 0.8880, down 0.49% on the day, having posted a daily high at 0.8929 and low at 0.8871. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CHF levels to watch
Below 0.8880, the US dollar versus Swiss Franc exchange rate would face supports at 0.8870, 0.8840 and 0.8815. On the upside, resistances are at 0.8900, 0.8925 and 0.8950.