FXstreet.com (Barcelona) - The greenback has been able to pare
losses against the Swiss franc Wednesday, as US equities reverse
early losses and finish the day with modest gains. The pair fell to
a daily low in 1.0250 after US new home sales came in under
expectations, yet investors shrugged off the negative news and went
bargain hunting instead.
In after-hour trading, the USD/CHF has regained above 1.0300,
quoting at 1.0305 at time of writing where it shows about even on
the day. With a neutral reading ahead of the Asian Pacific opening,
immediate resistance is listed at 1.0310 and 1.0335. Support on the
other hand is placed at 1.0284 and 1.0277.