USD/CHF climbs to 0.9070

By | Updated August 04, 2014 AAA

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.

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