USD/CHF faced rejection near the 0.9200 mark and snapped four days of the winning streak. Renewed selling around the USD was seen as a key factor exerting pressure on the major. The risk-on mood might undermine the safe-haven CHF and help limit any deeper losses. The USD/CHF pair refreshed daily lows during the early North American session, with bears now eyeing a sustained break below the 0.9100 round-figure mark. The pair failed to capitalize on its early uptick to 1-1/2-week tops, instead faced rejection near the 0.9200 mark and for now, seems to have stalled its recent bounce from multi-year lows. The pullback marked the first day of a negative move in the previous five and was sponsored by the emergence of some fresh selling around the US dollar. Despite rising hopes of a US economic recovery and some follow-through pickup in the US Treasury bond yields, the impasse over the next round of the fiscal stimulus exerted some pressure on the greenback. Even Wednesday’s hotter-than-expected US consumer inflation figures failed to impress the USD bulls or lend any support to the USD/CHF pair. Meanwhile, the global risk sentiment remained well supported by the latest optimism over a potential vaccine for the highly contagious coronavirus diseases. The risk-on flow might undermine demand for the safe-haven Swiss franc and help limit deeper losses for the USD/CHF major, warranting some caution for bearish traders. Hence, it will be prudent to wait for some strong follow-through selling below the 0.9100 mark before confirming that the recent corrective bounce might have run out of the steam and positioning for the resumption of the prior/well-established bearish trend. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Index opens nearly 1% higher, financial stocks fuel rally FX Street 2 years USD/CHF faced rejection near the 0.9200 mark and snapped four days of the winning streak. Renewed selling around the USD was seen as a key factor exerting pressure on the major. The risk-on mood might undermine the safe-haven CHF and help limit any deeper losses. The USD/CHF pair refreshed daily lows during the early North American session, with bears now eyeing a sustained break below the 0.9100 round-figure mark. The pair failed to capitalize on its early uptick to 1-1/2-week tops, instead faced rejection near the 0.9200 mark and for now, seems to have stalled its recent bounce from multi-year… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.