FXstreet.com (Barcelona) - The USD has risen 0.45%, along the day, against CHF from the opening price of 1.1378 to reach 1.1470, intra-day high. Currently, the pair is trading around 1.1435/45.
The pair has risen from 1.1381, in the beginning of the Asian session, to 1.1470 in the early European morning. Then, USD/CHF has been traded in a small range between 1.1430/60, including a little jump to 1.1470.
Yesterday, USD/CHF fell 0.98% from the 1.1507 opening price, reaching 1.1517 as highest and 1.1358 as minimum, to close at 1.1394.
According the Varengold Bank analyst team, USD/CHF is in a downtrend channel, but some signals give us proves to pay attention to a possible change: Since Friday, the USD/CHF has been trading in a bearish trend-channel and breached its support at 1.1447 yesterday. At todays opening we saw a Doji with a long roving, which could be a trend reversal signal assisted by a increased MA Oscillator. If the currency pair leave the bearish trend-channel it could be the attempt to cross the resistance at 1.1447 again.