24 Jul 2015
USD/CHF still pointing to the upside
FXStreet (Córdoba) - USD/CHF has been trading on Friday around 0.9600, about to end the week around the same level it closed seven days ago. A stronger US dollar across the board has been supportive of the pair that rebounded after falling to 0.9525.
Today it is facing resistance at 0.9625; a break above could clear the way for a test of 0.9645/50 (July 20, 21 high). On the opposite direction, the two short term support levels of relevance lie at 0.9555 and 0.9525 (July 23 low).
USD/CHF still above key levels
The pair rallied last week after breaking above 0.9500 and opened the doors for more gains. Price remained above the mentioned level and still looks bullish, with price set to post the second close in a row above the weekly 20-SMA and the highest since early April.
Today it is facing resistance at 0.9625; a break above could clear the way for a test of 0.9645/50 (July 20, 21 high). On the opposite direction, the two short term support levels of relevance lie at 0.9555 and 0.9525 (July 23 low).
USD/CHF still above key levels
The pair rallied last week after breaking above 0.9500 and opened the doors for more gains. Price remained above the mentioned level and still looks bullish, with price set to post the second close in a row above the weekly 20-SMA and the highest since early April.