USD/CHF turns positive on the day

FXstreet.com (Córdoba) – With the greenback staging a comeback across the board, the USD/CHF managed to bounce from a 4-week during the American session.

The USD/CHF found support at the 0.9040 zone and rose back to the 0.9090 area helped by strong US confidence data, turning positive for the day and completely erasing weekly losses. At time of writing, USD/CHF is trading at the 0.9080 zone, recording a 0.2% gain on the day.

USD/CHF technical levels

In terms of technical levels, the USD/CHF could find immediate resistances at 0.9097/0.9100 (100-hour SMA/Psychological level) and 0.9115 (10-day SMA). On the flip side, supports are …read more