USD/CHF hovering near 0.9000

By FXstreet.com | June 17, 2014 AAA

FXStreet (Córdoba) - The USD/CHF continues to move sideways and is rising on Tuesday, but still limited above 0.9000. After US economic data the pair climbed to 0.9003, hitting a fresh daily high and then lost upside momentum.



In the last three hours the pair has been steady hovering around 0.9000, holding in the same trading range it has been moving during the last week.



To the downside, the pair bottomed at 0.8964, 2-day low but then bounced to the upside. The area above 0.8950 continues to offer strong support to the US dollar. On the opposite direction, Greenback continues to show difficulties holding above 0.9000.



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