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      USD/CHF rejected from 0.9800, loses 100 pips

      FXStreet (Córdoba) - USD/CHF printed fresh daily lows at the beginning of the American session as the greenback weakens versus major competitors, exception made by the pound and commodity currencies.

      Following four days of gains, USD/CHF found resistance at the 0.9800 area and turned lower, erasing most of its weekly gains. At time of writing, the pair is trading at 0.9710, down 0.90% on the day, having struck a 3-day low of 0.9705 in recent dealings.

      The latest string of US data did little to inspire traders, with most pairs holding within familiar ranges.

      USD/CHF levels to watch

      In terms of technical levels, USD/CHF could find next supports at 0.9705 (200-hour SMA/Sep 24 low) and 0.9681 (50-day SMA), while resistances are seen at 0.9803 (Sep 24 high) and 0.9823 (Sep 9 high).

      US Crude oil off lows on USD weakness

      Crude oil prices in the US recovered from the daily lows in the US session on account of the weakness in the USD index, but stay in red after having failed to sustain gains seen in early European session.
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      USD/CHF door open for 0.9903? – Commerzbank

      Axel Rudolph, Senior Technical Analyst at Commerzbank, has suggested the possibility that the pair could test the 0.9903 level...
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