FXstreet.com (Barcelona) - Dollar is weak across the board today's session and against the Swissy is not an exception, USD/CHF has continued falling during the American session, posting 1.0430 as new 2009 lowest level after falling around 175 pips so far today from intra-day high at 1.0605.
USD/CHF is trading 1.50% below today's opening price at 1.0595 to the current 1.0435.
Valeria Bednarik, FXstreet.com collaborator, comments: Pair finally break under key 1.0550 level, and accelerate to the downside. Looking extremely over sold in the hourly, current candle opened just inside the base of the daily descendant channel coming from past June 25. If that level gives up, expect the downside to accelerate yet pair really needs an upside correction before any further move down.
Bednarik provide us with her levels: Support levels: 1.0420 1.0380 1.0350. Resistance levels: 1.0490 1.0520 1.0550.