FXstreet.com (Barcelona) - After trading in a small range between 1.1550 and 1.1580 along the Asian session, the USD/CHF has fallen around 110 pips from 1.1600, in the European session, to reach the 1.1482, fresh intra-week low. Currently the pair is trading around 1.1490/1.1500, a 0.60% daily decline from 1.1564 opening price.
Valeria Bednarik, FXstreet.com collaborator, says: Breaking the range to the downside, indicators support further downside in the pair, under 1.1500 zone. Price is under 20 SMA that is quickly turning down while Momentum and RSI support the view. Pair needs to regain 1.1600 to change bias in the next hours.
Bednarik provides us with her levels: Support levels: 1.1500 1.1445 1.1400. Resistance levels: 1.1540 1.1600 1.1636
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