USD/CHF eyes 0.9000

By FXstreet.com | July 16, 2014 AAA

FXStreet (Córdoba) - The USD/CHF is rising for the second day in a row and recently printed a fresh daily high at 0.8986. Price remains near daily highs after rebounding at 0.8975 (American session low).



During the last 30 hours the pair has risen 70 pips and now is on its way toward the highest daily close in a month, on the back of a strong US dollar and a decline of the Swiss Franc across the board.



USD/CHF approaches key resistance



To the upside, if the price rises further it will face 0.9010/15, where multiple daily highs from June lie. Also the USD/CHF has been unable to post a daily close above 0.9000 since February.



A break higher could trigger a bullish signal. To the downside, immediate support lies at 0.8975 and below here at 0.8960 and 0.8900.



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