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USD/CHF rises to 1-week highs

FXStreet (Córdoba) - USD/CHF is rising for the second day in a row and recently printed a 1-week high at 0.9511. The pair is holding above 0.9500 as the US dollar remains strong against European currencies.

Yesterday the pair broke above 0.9460/70, an important short term resistance, and gained bullish momentum. On Asian hours approached 0.9500 and then pulled back to 0.9465. Hours ago turned again to the upside, surpassing 0.9500.

USD/CHF levels to watch

To the upside, immediate resistance might lie at 0.9525 (Oct 10 low) and above here at 0.9555/60 (Oct 14, 15 high). To the downside 0.9495 - 0.9500 is the immediate support, followed by 0.9465 (daily low) and 0.9435.

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