Forex: USD/CHF finds support at 1.0375

By @ibtimes on

FXstreet.com (Córdoba) - The decline of the Dollar against the Swiss Franc found support at 1.0375 (intra-day low). USD/CHF rose yesterday to 1.0496, the highest price in almost a month.

Currently the pair trades at 1.0405/10, 0.14% below today's opening price. On Friday the pair is pulling back for the second day in a row but Greenback moved away from intra-day lows.

To the downside support below 1.0370 lies at 1.0350/55 (Jan 19 high) and 1.0310.

The pair is headed toward a weekly gain of almost 150 pips, considering that the pair was trading on Monday around 1.0270.

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