USD/CHF Price Analysis: The rally stalls at 0.9000 and retraces toward the 0.8950 area

Share:

• USD/CHF faces resistance at 0.9000 and falls for the first time in three days.
• USD/CHF Price Analysis: It might print a leg-up above 0.9000; otherwise, a bearish continuation would resume below 0.8900.

USD/CHF retreats after posting back-to-back days of gains, down 0.17%, after hitting a weekly high of 0.8996. At the time of writing, the USD/CHF exchanges hands at 0.8969, ahead of the Wall Street close.