6 Jun 2014
USD/CHF finds resistance at 0.8950
FXStreet (Córdoba) - The USD/CHF is recovering round on Friday after plunging yesterday. The decline after Draghi’s press conference found support above 0.8900. Pair remained calm during the Asian session and then turned to the upside.
Right after NFP the USD/CHF dropped toward 0.8900 but rebounded and climbed to 0.8950, hitting a fresh daily high. Currently trades at 0.8938, up 0.31% for the day.
With yesterday's decline, price fell below the price it opened the week and is now headed toward the first weekly loss since late April, favoured by the ECB announcement.
Right after NFP the USD/CHF dropped toward 0.8900 but rebounded and climbed to 0.8950, hitting a fresh daily high. Currently trades at 0.8938, up 0.31% for the day.
With yesterday's decline, price fell below the price it opened the week and is now headed toward the first weekly loss since late April, favoured by the ECB announcement.