A month of gains for the dollar had already lost momentum leading in to Wednesday Federal Reserve meeting and Chairman Jerome Powell remark that rate increases were a ways away was enough to tip it lower still

The USDCHF pair is trading above the 0.9064 main support level. As long as the pair stays above 0.9064 on a four hourly basis, we will see resistance level at 0.9130. On the other hand, If the pair drops below 0.9064, the next support level will be at 0.9002

Support : 0.9064 - 0.9002

Resistance : 0.9130 - 0.9186 - 0.9322

29 Jul 21 (Thu)

12:24 pm