USD/CHF reduces initial gains to multi-month low

FXStreet — The USD/CHF delivery in the vicinity of the 0,9760 in new offers and so became a part of the recovery gains from Friday in the vicinity of the 6.5-month deep-mined.

The subdued Performance against the US Treasury bond yields provides the USD and so the Pair may extend its gains from Friday (US GDP Revision).

The Swiss franc benefited from its safe haven Status, as the mood by the recent missile tests in North Korea has been tarnished, which favors the downward movement of the pair.

The US markets remain today due to the Memorial Day closed, what the liquidity is reduced, while new economic data are missing.

Important Levels

Supports lie at 0,9725, 0,9700-0,9690 and 0,9650-45. On the other hand, Resistances can be found at 0,9760, 0,9800 and 0,9825/30.

** FXStreet News Editorial, FXStreet**

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