Forex: USD/CHF finds support at 0.9355

FXstreet.com (San Francisco) - The US dollar is trading lower against the Swiss franc with the USD/CHF extending its decline from 0.9420 to break down the 0.9400 region and reach the 0.9355 as fresh intra-day low. But at this level, the pair has found support following the US income and spending data and the cross is trading back at 0.9370.

US personal income rose 0.2% in March; spending increased the same 0.2%.

Currently the USD/CHF is trading at 0.9370, 0.40% below opening price. The pair is strongly bearish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing lower while the Stochastic is neutral in the 15 minutes timeframe.

Below the 0.9350, next supports are at 0.9340 and 0.9290. On the upside, resistances are at 0.9400, 0.9420 and 0.9440.