FXstreet.com (Barcelona) - After trading in a small range between 1.1400 and 1.1430 in the Asian session, the USD/CHF has fallen around 50 pips last two hours from 1.1421 to reach 1.1368, fresh intra-week low. Currently the pair is trading around 1.1375/85 after falling 0.55% so far today from opening price at 1.1438.
Yesterday, tha pair lost 1.08% from opening price at 1.1564, reaching 1.1597 as maximum and 1.1421 as minimum, to close the session at 1.1437.
According to the Swiss e Trade Strategy Team, USD/CHF must recover slightly: The dollar is again testing the support levels around 1.1350 against the Swiss franc and is right now priced at 1.1370 in early European trading. We expect that support to hold in today's trading, giving room later for recovery moves up to 1.1450.
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