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Forex: USD/CHF falls below 0.9450 after rejecting 0.9485

The US Dollar is currently trading lower against the Swiss Franc with the USD/CHF falling around around 35 pips from intra-day high at 0.9485 to traded below the 0.9450 at 0.9440. The pair rose from 0.9420 to peak at 0.9485 following the US jobless claims data but pair was unable to hold positions and at this moment the cross is pricing at 0.9445.

The USD/CHF is currently 0.23% below opening price and inside a slightly bearish trend according to the FXstreet.com forex studies. Indicators such as CCI and Momentum are pointing south while the MACD is neutral and the Stochastic is bullish.

Below the 0.9450, next supports are at 0.9420 and 0.9390. On the upside, resistances are at 0.9460, 0.9485 and 0.9500.

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