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USD/CHF hits 1-week low

FXStreet (Córdoba) - The USD/CHF resumed the downside and touched a fresh 1-week low at the beginning of the American session, although the pair has tough support at the 0.9030 zone.

Inversely to the EUR/USD, the USD/CHF has made several bearish attempts but has failed to break decisively below last Friday’s trough of 0.9032 having bounced every time. However, the USD/CHF has managed to make lower lows over the last 3 days.

USD/CHF technical levels

At time of writing, the pair is trading at 0.9045, 0.21% below its opening price, with immediate supports at 0.9032 (Aug 8 low) and 0.9007 (Jul 24 low). On the other hand, resistances are seen at 0.9068/70 (10-day SMA/Aug 15 high) and 0.9085 (Aug 14 high).

United States Reuters/Michigan Consumer Sentiment Index registered at 79.2, below expectations (82.5) in August

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