Forex: USD/CHF ranges ahead of US open

FXstreet.com (Barcelona) - USD/CHF has moved within a 40 pip range during the European session and despite meeting sharp resistance earlier, retains a slight upside bias.

Currently trading 0.9466, the pair met sharp resistance ahead of the daily pivot point at 0.949 before finding support at 0.9457. A morning of mixed European data has done little to add momentum to underlying risk sentiment today, but with such a significant week ahead, it is understandable that markets remain uncommitted. The analysts at Amplify Trading highlight the levels 0.9509/0.9608/0.9636 as areas of resistance and 0.9463/0.9434/0.9421 where support can be found.

European Equities are flat to lower alongside US futures and commodities.

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