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USD/CHF continues to consolidate, around 0.9710

FXStreet (Córdoba) - USD/CHF is moving sideways in range around 0.9700, on a quiet day for European currencies. Among them, the Swiss franc is the best performer.

USD/CHF and a known area


The pair peaked during the Asian session at 0.9749 and then moved to the downside and bottomed at 0.9686, the lowest since last Thursday. Then recovered and approached daily highs but lost strength above 0.9730. To the downside, the area around 0.9700 is offering support.

The pair is consolidating after falling 60 pips on Monday. It continues to trade sideways above 0.9670 like it has been the case during September.

The US dollar is about to end the month with modes gains versus the Swiss franc. USD/CHF ended August and July around 0.9650 and 0.9750 and is about to do the same again as the pair continues to consolidate.

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