USD/CHF testing resistance at 0.9050

By | Updated July 25, 2014 AAA

FXStreet (Córdoba) - The USD/CHF is extending weekly gains and recently climbed to 0.9048, reaching the strongest level since early February. The area around 0.9050 capped the upside and the US dollar made a small pullback.

Currently is trading in a range with resistance below 0.9050 and support at 0.9035, holding some upside momentum. Greenback is showing strength across the board.

USD/CHF breaks 0.9035

The pair rose further after the release of US economic data that help break the 0.9035/40 level, where June highs lie. Now trades more than 50 pips above the price it had a week ago and is about to post the highest weekly close in 6 months.

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