Forex: USD/CHF jumps above 0.9300 to 1-month highs
FXstreet.com (San Francisco) - The Swissy is trading higher in the American morning, extending its advance from the 0.9220 reached in the European session. The USDCHF has risen around 50 pips in the latest hour to break above the 0.9300 level and reach the 0.9307 as fresh highest since December 12.
Euro and swissy decoupled even further today, "as the USDCHF soars to a daily high of 0.9300, adding another 100 pips to this week gains, while the EURUSD trades steady around 1.3330," comments FXstreet.com's chief analyst Valeria Bednarik. "The strength of the common currency is more noticeable against yen and the swissy, that trade a multi-month highs."
The USDCHF is currently trading at 0.9295, 0.83% above opening price action. Above the 0.9300 level, the pair could face resistance at the 0.9315 and then the 0.9365. On the other side, USDCHF could find supports at 0.9270 and the 0.9115/25 area.
Euro and swissy decoupled even further today, "as the USDCHF soars to a daily high of 0.9300, adding another 100 pips to this week gains, while the EURUSD trades steady around 1.3330," comments FXstreet.com's chief analyst Valeria Bednarik. "The strength of the common currency is more noticeable against yen and the swissy, that trade a multi-month highs."
The USDCHF is currently trading at 0.9295, 0.83% above opening price action. Above the 0.9300 level, the pair could face resistance at the 0.9315 and then the 0.9365. On the other side, USDCHF could find supports at 0.9270 and the 0.9115/25 area.
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