FXstreet.com (Córdoba) - The Dollar weakened broadly early American session following the release of a string of US mixed data, breaking below 0.9200 and touching a 3-day low against the Franc.
USD/CHF lost more than 80 pips within the last hours, sliding from the 0.9235 area to a low of 0.9170 before finding support. At time of writing, the cross is trading at the 0.9175 area, down 0.6% on the day and well below its 7-week high scored Thursday at 0.9333.
From a technical view, Valeria Bednarik, analyst at FXstreet.com comments that USD/CHF shows a strong bearish tone, with the pair testing 200 EMA in 4 hours chart around 0.9170. "A break below should lead to a quick retest of 0.9140 weekly low, ahead of the 0.9100 area".
On the other hand, Bednarik sees immediate resistance levels at 0.9210, 0.9245 and 0.9280.
