FXstreet.com (Barcelona) - After testing the 1.1600 resistance level, the USD/CHF has fallen around 80 pips to the 1.1520 level. Currently the pair is trading around 1.25/35 after falling 0.30% so far today.
According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF is in a downside trend: 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.
Bendarik 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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