According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets: “USD/CHF is locked between trendlines at 1.0630 and 1.1020. Until price moves closer to this large range, relatively random price action makes this is one market we are happy to avoid for the time being.”



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Forex: USD/CHF rebounds at 1.0800

FXstreet.com (Córdoba) – The Dollar is losing ground across the board. Against the Swiss Franc is falling 0.25% from the opening price. USD/CHF plunged more than a hundred pips in a few hours. The Dollar tested levels above 1.0900 but it was rejected from those levels and rallied downside. The pair tumbled rebounding at the 1.0800 zone. Levels below could fine support at 1.0775 and 1.0750. Currently the pair is pulling back and has found resistance at 1.0830.

According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets: “USD/CHF is locked between trendlines at 1.0630 and 1.1020. Until price moves closer to this large range, relatively random price action makes this is one market we are happy to avoid for the time being.”



For more information, read our latest forex news.

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