FXStreet (Córdoba) - The USD/CHF continues to move sideways around 0.9020 for the second day in a row, consolidating near weekly highs. Hours ago peaked at 0.9036, hitting levels not seen since February and then bounced to the downside and bottomed at 0.9006, a 2-day low.



After making a bullish run on Tuesday the pair stabilized above 0.9000 and is headed toward the second weekly gain in a row, on the back of a stronger US dollar across the board.



USD/CHF technical outlook



Currently is moving in a consolidation mode, but the short to medium trend still points to the upside. A key support to the bullish perspective is located around 0.8920/30 where daily uptrend line stands.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF erases losses as the Swiss Franc weakens

  2. Forex News

    USD/CHF Technical Analysis: Digesting Near 3-Month High

  3. Forex News

    USD/CHF still pointing to the upside

  4. Forex News

    USD/CHF downside appears limited – Commerzbank

  5. Forex News

    USD/CHF Tests 200 Day Average; Now as Support

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!