FXStreet (Mumbai) - USD/CHF dived more than 100 pips in the European session, falling back on the 0.92 barrier, largely on the back of soaring EUR/USD which strengthened the Swiss franc.
USD/CHF supported at 0.92 handle
Currently, the USD/CHF plunged -1.30% at 0.9222, hovering close to fresh session lows reached at 0.9212 some minutes ago. The pair fell deeper in red after the Swiss franc was boosted tracking gains from the EUR/USD pair which is nearing the key resistance at 1.1280 levels.
Meanwhile, the US dollar index (DXY) which measures the relative strength of the greenback versus six major currencies now trades at 94.34, down -0.81% on the day.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9300 levels and above which it could extend gains to 0.9358 levels. To the downside, immediate support might be located at 0.9200 levels and below that at 0.9169 levels, stated RVD Markets experts (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
