The US dollar’s recovery attempt against the Swiss franc from the 1.0220 support area was capped at an intraday high of 1.0310 yesterday. The Swiss franc continued to strengthen versus the Greenback on its safe haven status amid a general market risk aversion. USD/CHF dropped around 150 pips, breaking the key support level to reach a new 7-month low of 1.0160.
According to analysts, the next immediate support level lies at 1.0129. On the upside, the resistance level is located at 1.0245/60.