USD/CHF rises to 1-month highs at 0.9000

By FXstreet.com | Updated July 30, 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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF set to move towards 1.0100 – Commerzbank

  2. Forex News

    USD/CHF flirting with 0.97

  3. Forex News

    USD/CHF capped by 10-DMA

  4. Forex News

    USD/CHF still recovering, long for 1.0100 – Commerzbank

  5. Forex News

    USD/CHF Technical Analysis: Selloff Pauses Below 0.95

Trading Center