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USD/CHF prints fresh daily lows

FXStreet (Córdoba) - USD/CHF has continued to move lower during the American session, although not continuously, and recently hit a fresh daily low as the greenback retreats across the board.

After hitting a fresh 14-month peak of 0.9684 at the weekly opening, USD/CHF came under pressure amid profit taking and has slid to a low of 0.9617 so far, having almost retraced 50% of Friday’s rally. At time of writing, the pair is trading at the 0.9625 area, recording a 0.61% loss on the day.

USD/CHF technical levels

As for technical levels, USD/CHF could find immediate supports at 0.9600 (psychological level) and 0.9531/28 (Oct 3 low/10-day SMA). On the flip side, resistances could be faced at 0.9684 (Oct 6 high) and 0.9700 (psychological level).

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