FXstreet.com (Córdoba) - The Swiss Franc is falling for the second day in a row against the Dollar, but during the American session managed to erase part of the losses. USD/CHF failed to break above 1.0400 and fell to 1.0360. The pair is holding below 1.0375 but is still up for the day, 0.35% above today's opening price.
On the upside, resistance lies at 1.0375 and above at 1.0405 (intra-day high). Support is located at 1.0350 and below at 1.0315.
According to James Hyerczyk of ForexHound.com: The U.S. Dollar opened firm this morning against most majors and maintained its strength following a lower than expected consumer confidence number. The reaction to this report shows that investors are concerned the global economic recovery will not be as robust as previously expected and that central banks are likely to keep in place their previous stimulus plans.