USD/CHF falls to 7-week lows, under 0.8900

FXStreet (Córdoba) - The USD/CHF dropped further during the American session and printed a fresh low at 0.8860, hitting the lowest price since May 12. A weak US dollar pushed the pair to the downside; Greenback is the worst performer so far on Monday.

Currently the USD/CHF trades at 0.8869, down 0.40% for the day, headed toward the second daily loss in a row and to the lowest daily close in a month.

USD/CHF levels to consider

To the downside, immediate support could be located at 0.8860 (daily low) and below here at 0.8850, followed by 0.8805. To the upside resistance now could be located at 0.8900 and then 0.8935 and 0.8965.