Forex: USD/CHF declines to 10-week lows at 0.9305 (San Francisco) - After falling around 50 pips from 0.9355 in the latest couple of hours, the USD/CHF has broken down the 0.9315 and it has reached fresh lowest level since February 28 at 0.9305. Currently the pair is trading at 0.9315.

The USD/JPY is trading slightly bearish according to the trend index. Indicators such as MACD, CCI and Momentum are pointing bearish while the Stochastic is neutral in the 1-hour chart.

Below 0.9305 area, next supports are at 0.9290 (50% fib retracement from the Feb 28 to March 14 advance) and the the Feb 28 low at 0.9280. On the upside, resistances are at 0.9320, 0.9350/60 area and 0.9380.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.