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16 Jul 2015
USD/CHF headed toward higher close in almost three months
FXStreet (Córdoba) - The US dollar is rising of the second day in a row against the Swiss franc and is being able to consolidate above an important resistance level. USD/CHF is about to post the stronger close since April 22.
USD/CHF above 0.9500
The pair managed to end yesterday above 0.9500 and today has been moving with a bullish bias since the beginning of the day on the back of a stronger dollar in the market.
During Draghi’s press conference it reached at 0.9582 a fresh 2-month high. But then bounce to the downside finding support at 0.9535/40. Currently trades at 0.9560, up 40 pips for the day and looking with a positive bias for greenback following the break of May highs located around 0.9540.
USD/CHF above 0.9500
The pair managed to end yesterday above 0.9500 and today has been moving with a bullish bias since the beginning of the day on the back of a stronger dollar in the market.
During Draghi’s press conference it reached at 0.9582 a fresh 2-month high. But then bounce to the downside finding support at 0.9535/40. Currently trades at 0.9560, up 40 pips for the day and looking with a positive bias for greenback following the break of May highs located around 0.9540.