FXStreet (Córdoba) - The USD/CHF reached a fresh daily high during the American session at 0.9070 and currently trades at 0.9066, up 0.10% from today’s opening price.

After the beginning of the week the pair bottomed at 0.9045 and then bounced to the upside, but price action remained limited all day so far, moving inside friday’s range.

The US dollar continues to move with an upside bias in the short term but the rally found resistance around 0.9100 and after the release of the US employment report last Friday, the USD/CHF pulled back, making the strongest bearsih correction since last June.

You May Also Like

Related Forex Analysis
  1. Forex News

    USD/CHF fails to hold gains despite SNB

  2. Forex News

    USD/CHF: long for 0.9530 – Commerzbank

  3. Forex News

    USD/CHF finds support at 0.9300, consolidates weekly gains

  4. Investing

    USD/CHF Forms a Shooting Star for Thursday

  5. Forex News

    USD/CHF Technical Analysis: 3-Month Resistance Broken

Trading Center

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!