USD/CHF falls to 0.9260 on weak USD.

 

After a daily high of 0.9316, USD/CHF reversed previous gains. Positive US economic indicators hurt the dollar because the US Dollar is losing value.

Price analysis for the USD/CHF: The pair would be exposed to more selling pressure on a break or daily closure below 0.9300.

Although positive US statistics passed newswires, the USD/CHF is now trading below its initial price and has failed to break above the 20-day EMA and hold to 0.9300. Therefore, at the time of writing, the USD/CHF is trading at 0.9265.

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