USD/CHF rises above 0.8750

FXStreet (Córdoba) - The USD/CHF rose after Wall Street opening to 0.8762, extending the recovery from 0.8720 (May 6 low). The pair currently trades at 0.8757, up 0.16% from today’s opening price. The US dollar is moving with an upside bias on Wednesday, having the best day in a week.

Levels to watch for USD/CHF

Despite gaining ground, the USD/CHF continues to face downside pressure. Immediate resistance lies at 0.8765 (May 5 low) and above here at 0.8780 (May 5 high) and 0.8805.

To the downside support might be located at 0.8740 (American session low) and below here at 0.8735 (daily low) and 0.8720 (May 6 low).