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19 May 2015
USD/CHF keeps rising and approaches 0.9400
FXStreet (Córdoba) - USD/CHF rose further and reached on Tuesday at 0.9383, the highest level since May 5 on the back of a rally of the US dollar across the board supported by economic data and ahead of the release of the Federal Reserve minutes.
USD/CHF up more than 200 pips in 2 days
Since the beginning of the week the pair has risen 225 pips and remains above 0.9350. Greenback is back in positive territory for the month and continues to bounce after being able to hold last week above monthly lows that lie at 0.9060/70.
The rally brought the price back above the daily 20-SMA. USD/CHF could post the first daily close on top of it for the first time in almost a month. If the pair keeps rising it would test 0.9400 and then May highs that lie at 0.9415.
USD/CHF up more than 200 pips in 2 days
Since the beginning of the week the pair has risen 225 pips and remains above 0.9350. Greenback is back in positive territory for the month and continues to bounce after being able to hold last week above monthly lows that lie at 0.9060/70.
The rally brought the price back above the daily 20-SMA. USD/CHF could post the first daily close on top of it for the first time in almost a month. If the pair keeps rising it would test 0.9400 and then May highs that lie at 0.9415.