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USD/CHF back above 0.9600, eyes weekly highs
FXStreet (Córdoba) – <a href="//www.fxstreet.com/analysis/usd-chf-forecast/
“>USD/CHF dropped yesterday but today is again moving with an upside bias. Currently trades at 0.9615/20, up 35 pips from the level it had at the beginning of the day, rising for the fifth day out of the last four. After yesterday’s bearish correction, the pair resumed the upside. The main trend is still bullish.
USD/CHF supported by 0.9555
The decline from 0.9647 (July 20 high), found support above 0.9550. The mentioned level capped the decline yesterday and also today. From there USD/CHF bounced to the upside and gained momentum after breaking above 0.9595, amid a rally of the US dollar across the board.
After the beginning of trading in Wall Street, the pair peaked at 0.9631, level located near the immediate key resistance located at the 0.9650 zone. To the downside, potential support levels could be seen at 0.9590/95, 0.9550 and 0.9515.
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USD/CHF back above 0.9600, eyes weekly highs
Source: FXStreet
