FXstreet.com (Barcelona) - After falling around 75 pips from 1.1365 to reach the intra-day low at 1.1290, USD/CHF has been rejected by this level to rise above the 1.1350. Currently the pair has recovered its initials losses and it's trading around 1.1355/65, 0.15% above today's opening price.
According Valeria Bednarik, FXstreet.com collaborator, USD/CHF is in downtrend: Bearish pressure remains intact in the pair in bigger time frames, although 1.1240 is a strong static support zone, and must be cleared to see the pair falling in the term. Hourly charts remain also bearish, while under 1.1350 zone, with indicators not clear yet bearish, and price under the 20 SMA. Support levels: 1.1282 1.1240 1.1190. Resistance levels: 1.1350 1.1385 1.1400.
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