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USD/CHF steady below 0.9600

FXStreet (Córdoba) - USD/CHF is flat on Wednesday, trading around 0.9580, at the same price it closed yesterday. Price peaked during the Asian session at 0.9600 and then bounced and bottomed at 0.9571, the lowest level since Monday.

On Tuesday the pair dropped more than 60 pips and posted the lowest daily close since October 30. But despite the decline USD/CHF held above 0.9560, where a support zone is seen. After peaking November 7 at 0.9740 (20114 high) the pair started to move with a bearsih bias, making a correction, that found support so far at 0.9550/60.

CHF losses momentum

The Swiss franc is falling today against European currencies as EUR/CHF moves of 1.2008 (2-year low) and GBP/CHF rebounds sharply from 1.4940 (6-month low), back above 1.5000.

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