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USD/CHF shaken after awful US durable goods report

FXstreet.com (San Francisco) – The USD/CHF reacted down following the weaker than expected US durable goods orders July report with the pair falling from 0.9245 to test the 0.9210 area. Now the pair is trading at 0.9225.

The USD/CHF is currently trading at 0.9225, 0.15% positive on the day. The short term is bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.

Below the 0.9220, next supports are at 0.9200 and 0.9190. On the upside, resistances are at 0.9245, …read more