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USD/CHF regains 0.9100

FXstreet.com (Córdoba) – The USD/CHF climbed back above 0.9100 Monday recovering some ground after falling 1.2% during the second half of last week.

The USD/CHF hit a fresh monthly low of 0.9060 at the weekly opening but found support and trimmed losses amid broad USD strength. The USD/CHF reached a high of 0.9109 but lost momentum ahead of the 21-day SMA. At time of writing, the pair is trading at the 0.9100 area, recording a 0.4% gain since opening.

USD/CHF levels to watch

As for technical levels, if USD/CHF breaks decisively above 0.9110, next resistances are seen at 0.9132 (10-day SMA) and …read more