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Forex: USD/CHF retraces from 2-week highs

FXstreet.com (San Francisco) - After peaking to the highest level since April 5th at 0.9370, the USD/CHF is now trading in consolidation mode around the 0.9350 level. Currently the pair is pricing at 0.9348, 0.32%

Watching the 15-minute timeframe, the USD/CHF is slightly bearish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing south while the Stochastic is bullish.

To the upside, next resistance is at 0.9370 ahead of 0.9400 and 0.9430. To the downside, below the 0.9350, supports are at 0.9335, 0.9300 and 0.9280.

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