Area 0.9080, Trying to Mute the Fall of USD/CHF

Forex News - Reversal of the dollar from a high position at 0.9185 in mid-September seems to have found support at 0.8920 area, which encourages USDCHF to move back up last week as the easing of interest in risky assets. Currency pair managed to reach the back zone of 0.9000 and continually strive to consolidate between 0.9080/90 and 0.9125 in trading Monday.

From a technical standpoint, " USDCHF still traded in a wide channel ride with the key resistance is located at 0.9144 ( Sept 26 high ) and 0.9183 ( Sept 22 high ), which if exceeded will trigger the movement managed to continue to the zone that have not been seen since the months April, " said Peter Rosenstreich D, Swissquote Bank analyst.

To the contrary, the level of support may be found at 0.9077 (low daily ), followed by 0.8925 ( Sept 27 low ) and 0.8855 ( Sept 21 low ), he added.