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Forex: USD/CHF collapses to 0.9215, lowest since Feb 20

FXstreet.com (San Francisco) - The Dollar is trading lower today against the Swissy with the USD/CHF falling more than 150 pips in the last couple of hours from 0.9270 to break down the 1.9250 support and reach the lowest level since February 20 at 0.9115.

Currently the pair is trading at 0.9220, 1.0% down on the day. USD/CHF is slightly bearish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing bearish while the Stochastic signaling bullish.

Below the 0.9115, next support is at 0.9100 ahead of 0.9180 (Feb 20 low). On the upside, resistances are at 0.9250, 0.9280 and 0.9325.

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