USD/CHF drops to 0.9142

The European morning saw the USD/CHF dropping almost 30 pips to trade at 0.9142 after a sideways Thursday till then. Greenback selling intensifies ahead of the Spanish and French bond auctions’ results.

The cross bounced to 0.9150 area. “Immediate support at 0.9150, near-term range lows and main bull trendline off 0.9000 base, comes under pressure and break here to weaken the structure and open next supports at 0.9120/00 area”, wrote Windsor Brokers analyst Slobodan Drvenica.

Note to the strengthening of the CHF, as the EUR/CHF cross has just dropped 8 pips to 1.2017.

USD/CHF Apr 19 at 12:33 GMT

0.9184/86 (0.27%)

H0.9196 L 0.9128

S3 S2 S1 R1 R2 R3
 0.9131 0.9154 0.9177 0.9185 0.9208 0.9231
Trend Index [?] OB/OS Index [?]
Data updated on Apr 19 a 12:15 GMT (15-minute timeframe)
Slightly Bullish Extremely Oversold


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