Forex: USD/CHF consolidates low levels below 1.0100

  on

FXstreet.com (Barcelona) - The USD/CHF has found support at 1.0070 during the American session after falling around 150 pips from Friday's high at 1.0222. USD/CHF is trading on consolation mode below 1.0100 level. The pair is trading around 1.0085/95, 0.90% above today's opening price action at 1.0180.

Valeria Bednarik, FXstreet.com collaborator, comments: Back to the downside, pair lost the 1.0100 level, suggesting a retest of the yearly low around 1.0030 in the next hours, as technically pair remains strongly bearish. Bigger time frames support the bias, despite oversold in the hourly chart, so expect upside movements to remain limited and corrective.

.

Join the Discussion