USD/CHF hits 7-month highs but fails to break 0.9120

By FXstreet.com | Updated August 20, 2014 AAA

FXStreet (Córdoba) - The USD/CHF rose during the European session to 0.9120 reaching the strongest level since January 23. The area around 0.9120 capped the upside and the pair pulled back.



The pair was trading at 0.9112, up 0.23% for the day so far, headed toward the third daily gain in a row and ahead of the release of the FOMC minutes.



USD/CHF still testing key resistance

The area around 0.9110/15 capped the upside several times during the current month. Despite hitting fresh highs, the USD/CHF was unable to rally above 0.9120. A consolidation on top of the mentioned level could trigger another bullish run.



You May Also Like

Related Forex Analysis
  1. Forex News

    USD/CHF consolidates around 0.9800

  2. Forex News

    USD/CHF steadies around 0.98

  3. Forex News

    USD/CHF moves away from 2-yr High

  4. Forex News

    USD/CHF Technical Analysis: Probing Above 0.98 Figure

  5. Forex News

    USD/CHF Threatens Long-Term Bearish Trend on Negative SNB Rate

Trading Center