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FxWirePro: USD/JPY dips below lower range, bearish bias increases

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FxWirePro: USD/CHF rejected from 0.9500, makes intraday lows of 0.9406

Friday, July 3, 2015 9:55 AM UTC

USD/CHF gains yesterday were capped close to the Jun 5 spike high at 0.9502. The pair fell to fresh daily lows as the dollar came under broad pressure following disappointing US jobs data.

Pullbacks today extended towards 0.9400, where some buying interest was found. USD/CHF is currently trading at 0.94190. Hourly price action remains above the cloud.

Resistance Levels:

R1: 0.9504 (Jul 2 high)

R2: 0.9519 (30 DMA)

R3: 0.9528 (Daily Cloud Top)

Support Levels:

S1: 0.9365 (Daily Cloud Base)

S2: 0.9357 (55 DMA)

S3: 0.9344 (Jul 1 low)

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FxWirePro: USD/CHF rejected from 0.9500, makes intraday lows of 0.9406

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