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USD/CHF hovering around 0.9570

FXStreet (Córdoba) - USD/CHF continues to move sideways, hovering around 0.9570. Currently trades at 0.9579, slightly above the price it close yesterday.

USD/CHF rejected above 0.9600

During the European session bottomed at 0.9552 and then bounced to 0.9605, reaching a 2-day high, but failed to hold and pulled back toward 0.9570. Yesterday printed a 3-week low at 0.9530 but rebounded sharply, rising back to the 0.9570 area.

On a weekly basis is trading with a modest loss from where it closed last Friday. Despite being unable to consolidate below 0.9550 the pair still holds a bearish tone, moving in a correction mode, retreating from 0.9741 (Nov 7 high).

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