USD/CHF rises to 1-month highs at 0.9000

By FXstreet.com | July 18, 2014 AAA

FXStreet (San Francisco) - The US Dollar is currently trading higher against the Swiss Franc as the pair is joining its negative correlation versus the EUR/USD.



The USD/CHF jumped 30 pips from 0.8975 to test the 0.9000 area and reach 0.9005 as highest level since June 17.



Currently, USD/CHF is trading at 0.8997, up 0.27% on the day, having posted a daily high at 0.9005 and low at 0.8969. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.



USD/CHF levels



Above the 0.9000, the USD/CHF would face resistances at 0.9010 and 0.9035. On the downside, supports are at 0.8980, 0.8970 and 0.8960.



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