FXstreet.com (Barcelona) - After fighting with the 1.1400 support along the early European session, USD/CHF has fallen below 1.1400 level, reaching 1.1355, intra-week low. Currently the pair is trading around 1.1385/95 after falling 1.15% so far today.
USD/CHF is closing the week with a 2.60% decline from 1.1688 Monday opening price to the currently 1.1385.
According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF is oversold without sign of upturn: Pair continues falling and way oversold, with no signs of upturn yet, but stronger of continuation. 1.1350 zone will be key for the pair, as a clear break under could trigger more bearish movements, to the 1.1300/1320 zone. Expect some rebound there, not earlier.
Bednarik provides us with her levels: Support levels: 1.1350 1.1310 1.1270. Resistance levels: 1.1390 1.1440 1.1480.
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