28 May 2014
USD/CHF hits fresh 3-month highs, still below 0.9000
FXStreet (Córdoba) - The USD/CHF reached a fresh 3-month high at 0.8989 and continues to climb at a slow pace. Currently is testing the 0.8990 area, trading at 0.8978, up 0.19% for the day so far.
The US dollar is among the best performers across the board, but the Swissy also shows some strength and is rising versus its European rivals on Wednesday. While the GBP/USD and EUR/USD fell significantly below yesterday's lows the USD/CHF rose just 8 pips from Wednesday’s highest level.
USD/CHF facing resistance
To rally from 0.8700 (May lows) is testing important resistance levels near 0.9000. Above the upside could accelerate toward 0.9030, where the next resistance could be located. To the downside, immediate support lies at 0.8960/65 (daily low) followed by 0.8935.
The US dollar is among the best performers across the board, but the Swissy also shows some strength and is rising versus its European rivals on Wednesday. While the GBP/USD and EUR/USD fell significantly below yesterday's lows the USD/CHF rose just 8 pips from Wednesday’s highest level.
USD/CHF facing resistance
To rally from 0.8700 (May lows) is testing important resistance levels near 0.9000. Above the upside could accelerate toward 0.9030, where the next resistance could be located. To the downside, immediate support lies at 0.8960/65 (daily low) followed by 0.8935.