FXStreet (Córdoba) – USD/CHF is trading near the 0.9400 handle, holding a bullish tone amid a stronger US dollar in the market and weak European currencies. The pair recently printed a fresh daily high at 0.9369, level located less than 20 pips below Tuesday’s highs.
USD/CHF rejected form below 0.9300, still under 0.9400
At the begging of the Asian session the pair moved to the downside and bottomed at 0.9279 but then rebounded and rose quickly back above 0.9300. After Wall Street opening bell gained bullish momentum and broke above 0.9345.
Currently is trading at 0.9365, up 0.25% for the day so far. Greenback is rising for the third day in row against the Swiss franc and it has approached the 0.9400 area. The US dollar has been unable so far during June to confirm above 0.9400 with an important daily close.
(Market News Provided by FXstreet)