Forex: USD/CHF trades above 0.9300 and tests intra-day highs

FXstreet.com (San Francisco) - After bottoming at intra-day low at 0.9265, the USD/CHF has been trading in recovery mode with the pair advancing around 50 pips to trade above the 0.9300 region and test the intra-day high at 0.9310. Currently the pair is trading at 0.9307.

The USD/CHF is trading 0.42% above opening price. Pair is slightly bullish according to the FXstreet.com trend index. Indicators such as Momentum, CCI and MACD are bullish while the Stochastic is bearish in the 1-hour chart.

Above the 0.9310, next resistances are at 0.9330 and 0.9340. Supports are at 0.9300, 0.9285 and 0.9265.