USD/CHF falls to 1-week low and rebounds

FXStreet (Córdoba) – USD/CHF lost strength and broke below 0.9400, falling quickly to 0.9345, the lowest level in a week. Then rebounded and it was trading at 0.9420/25.

Greenback was falling for the third day in a row against the Swiss franc and lost all weekly gains. The swissy is among the top performers on Friday, despite economic data from the US and Switzerland.

USD/CHF technical levels

To the upside, resistance might now lie at 0.9450 and 0.9480 (daily high) while to the downside potential support levels could be located at 0.9345/50 (daily low) and 0.9330 (May 20 low) and 0.9300.

USD/CHF lost strength and broke below 0.9400, falling quickly to 0.9345, the lowest level in a week. Then rebounded and it was trading at 0.9420/25.

(Market News Provided by FXstreet)