3 Dec 2014
USD/CHF eyes 0.9800
FXStreet (Córdoba) - USD/CHF gained 160 pips during the last two trading days or 1.40%, rising from 0.9640 and approached 0.9800. On Wednesday peaked at 0.9781, level last seen in May 2013 and remained with a bullish tone, eyeing 0.9800.
USD/CHF near multi-year highs
Last year the pair traded momentarily above 0.9800 but failed to consolidate and retreated sharply. During the rest of the week, with ECB meeting on Thursday and the US employment report on Friday, volatility is likely to remain high and it could pushed the pair toward the mentioned level.
USD/CHF is trading close to 2013 highs (0.9837) and also to 2012 highs (0.9970); if it rises on top of 0.9970 it would be at the strongest level in four years.
USD/CHF near multi-year highs
Last year the pair traded momentarily above 0.9800 but failed to consolidate and retreated sharply. During the rest of the week, with ECB meeting on Thursday and the US employment report on Friday, volatility is likely to remain high and it could pushed the pair toward the mentioned level.
USD/CHF is trading close to 2013 highs (0.9837) and also to 2012 highs (0.9970); if it rises on top of 0.9970 it would be at the strongest level in four years.