FXstreet.com (Barcelona) - USD/CHF has risen 0.75% along today's session, from the 1.1331 opening price to the currently 1.1415, after the yesterday's 2.10% losses.
Currently, the USD/CHF is trading around 1.1410/20 after rising 122 pips from the 1.1322, today's lowest in Asian session, to 1.1444, highest at the early European morning.
Yesterday, USD lost 2.10% against CHF from the 1.1572 opening price, reaching 1.1609 as maximun and 1.1305 as minimum, to close the day at 1.1330.
According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF is inside of a corrective movement: The pair began an upside correction in the past minutes and RSI is losing the oversold state. Momentum also point for more upside corrective movements, but should be limited by actual bearish trend. 20 SMA is clearly bearish, while 200 EMA is also turning down. Above 1.1380, correction could extend to 1.1440 strong static level.
Bednarik provides us with her levels: Support levels: 1.1330 1.1294 1.1253. Resistance levels: 1.1400 1.1440 1.1478
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