20 Jan 2015
USD/CHF fails to hold above 0.8800
FXStreet (Córdoba) - USD/CHF briefly rose above 0.8800 and hit a fresh post-SNB high during the European session but failed to sustain gains and pulled back.
USD/CHF advanced to a high of 0.8835 Tuesday, but lost momentum and retreated all the way back toward 0.8722 before finding support. At time of writing, the pair is trading at 0.8735, 0.61% below its opening price.
However, USD/CHF continues to hit higher highs and higher lows on daily basis, supporting a more substantial recovery from 0.7360, a multi-year low scored last Thursday on the back of SNB surprise decision to remove the EUR/CHF floor.
USD/CHF advanced to a high of 0.8835 Tuesday, but lost momentum and retreated all the way back toward 0.8722 before finding support. At time of writing, the pair is trading at 0.8735, 0.61% below its opening price.
However, USD/CHF continues to hit higher highs and higher lows on daily basis, supporting a more substantial recovery from 0.7360, a multi-year low scored last Thursday on the back of SNB surprise decision to remove the EUR/CHF floor.