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Forex: USD/CHF holds above 0.9545

FXstreet.com (Córdoba) - The dollar entered in a consolidation phase against the Swissy, as investors take a breather after last week's steep gains, ahead of US Apr retail sales data.

USD/CHF pulled back from a high of 0.9626 scored on Friday but so far it has found support at the 0.9545 zone in every downside attempt. At time of writing, the cross is trading around 0.9550/55, where it is 0.4% below its opening price.

In terms of technical levels, the Mataf.net analyst team locates next supports at 0.9545, 0.90505 and 0.9480, while they see resistances at 0.9575, 0.9595 and 0.9630.

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