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USD/CHF rises to 0.9650

FXStreet (Córdoba) - Greenback rose further against the Swiss Franc during the American session and printed a fresh daily high at 0.9653. USD/CHF currently trades at 0.9648, up 0.63% for the day.

The pair gained momentum during New York after breaking above 0.9625. So far the area around 0.9650 capped the upside but still holds some bullish momentum while to the downside the immediate support lies at 0.9635.

USD/CHF back to last week range

Monday’s recovery from 2-week lows pushed the price back to last week trading range, when it moved during most of the week between 0.9620 and below 0.9700.

For the first time in a week the Swissy is the worst performer among European currencies. GBP/CHF rebounded from 1.5000 and approached 1.5100 while EUR/CHF moved marginally away from 2-year lows.

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