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

Related Forex Analysis
  1. Forex News

    USD/CHF eyeing 0.9070 – Commerzbank

  2. Forex News

    USD/CHF Technical Analysis: Selloff Stalls at 0.93 Figure

  3. Forex News

    May Forex Seasonality Foresees Dollar Rebound After April Selloff

  4. Forex News

    Credit Agricole: USD dips remain a buy – eFXnews

  5. Forex News

    USD/CHF remains a sell for 0.9070 – Commerzbank

Trading Center