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3 Jun 2014
USD/CHF supported above 0.8950
FXStreet (Córdoba) - The USD/CHF finished lower on Tuesday after finding resistance once again near 0.9000. The pair closed at 0.8963, 20 pips below Tuesday’s opening price and far from the highs.
During the European session printed a fresh monthly high at 0.8995 but then turned sharply to the downside and erased gains.
USD/CHF remains sideway
On a wider perspective the USD/CHF continues to hold bullish tone but in the short term is moving with a downside bias and supported between 0.8935 - 0.8950 and facing resistance below 0.9000.
Trading could remain sideways until ECB meeting on Thursday that is likely to affect the Swiss Franc.
During the European session printed a fresh monthly high at 0.8995 but then turned sharply to the downside and erased gains.
USD/CHF remains sideway
On a wider perspective the USD/CHF continues to hold bullish tone but in the short term is moving with a downside bias and supported between 0.8935 - 0.8950 and facing resistance below 0.9000.
Trading could remain sideways until ECB meeting on Thursday that is likely to affect the Swiss Franc.