FXstreet.com (Barcelona) - After fight all the day, finally the USD/CHF has broken the 1.1640 level and it is looking for the 1.1700 resistance again. Risk aversion has returned to the markets triggered by U.S. home sales report which has produced a further decline in U.S. stock markets as the Dollar has has performed as safe haven.
The USD/CHF has risen more than 135 pips from the 1.1545, today's minimum, to the 1.1680 level. Currently, the pair is trading around the 1.1640/60.
If the uptrend is confirmed, the pair will go up to the 1.1700/12 resistance, then 1.1750 and 1.1780. On the downside the next support level remains at 1.1580, and below that level 1.1540/60 and the area between 1.15 and 1.1510.