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USD/CHF hist 4-day low

FXStreet (Córdoba) - USD/CHF turned lower and dropped to fresh lows for the day as the dollar weakened across the board, following a short-lived spike triggered by upbeat GDP figures.

USD/CHF failed to overcome the 0.9700 level and came under pressure, sliding all the way back to 0.9633 before finding support. At time of writing, USD/CHF is trading at the 0.9650 area, still 0.13% below its opening price.

USD/CHF supports & resistances

As for technical levels, USD/CHF could find immediate supports at 0.9633 (daily low) and 0.9625 (21-day SMA) and 0.9600 (psychological level). On the upside, resistances are seen at 0.9700 (psychological level), 0.9726 (Nov 24 high) and 0.9741 (2014 high Nov 7).

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