USD/CHF Technical Analysis: Sellers Struggle Below 0.94 (24/08/15)

  • Support:0.9441, 0.9332, 0.9156
  • Resistance: 0.9529, 0.9617, 0.9726

The US Dollar is working on a fifth consecutive day of losses against the Swiss Franc, with prices dipping to the lowest level in close to two months. Selling pressure has notably ebbed after an early push downward however, with the pair recoiling upward to hover near support at 0.9441 marked by the 61.8% Fibonacci retracement.

USD/CHF Technical Analysis: Sellers Struggle Below 0.94