USD/CHF finds resistance at 0.9330

FXstreet.com (Córdoba) - The USD received another boost and reached fresh daily highs against the EUR and the CHF at the beginning of the American session.

USD/CHF hits daily highs and pulls back

USD/CHF extended its rally above the 200-hour SMA and scored a fresh daily high of 0.9330 before losing momentum and pulling back slightly. At time of writing, USD/CHF is trading at the 0.9320 zone, where it records a 0.4% gain on the day.

As for technical levels, if USD/CHF manages to overcome the 0.9330 area, next resistances could be found at 0.9360 (30-day SMA) and 0.9390 (Aug 2 high). On the downside, supports are seen at 0.9270 (daily low) and 0.9250 (Aug 1 low).