Daily Market Overview: USD/CHF

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 0.9152
Daily minimum: 0.9099

The currency couple has failed to overcome 0.9148 and is now attempting to form a base near an immediate support located at 0.9110. This level is unlikely to withstand bearish pressure for long, as USD/CHF has been trading in a downward sloping channel since Mar 15 and there is little chance of a reversal in the nearest future.

Daily Resistance: 0.9128; 0.9148; 0.9166.
Daily Support: 0.9110; 0.9079; 0.9042.
Daily Bias: Bearish.

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