FXstreet.com (Barcelona) - After falling around 55 pips in the last hour, from 1.1428 to 1.1373, the USD/CHF has reached levels below 1.1400. Currently, the pair is trading around 1.1385/95, after rising around 0.55% from the 1.1331 opening price.
Valeria Bednarik, FXstreet.com collaborator says: Upside rally reached the 200 EMA in the hourly, where the pair also has a tough resistance static level, around 1.1440. Turning bearish, with indicator also suggesting a downside movement for the next hours, consider a first support around 1.1396 and under it, watch for the dynamic 20 SMA to hold the downside.
Bednarik provides us with her levels: Support levels: 1.1396 1.1350 1.1310. Resistance levels: 1.1440 1.1478 1.1520
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