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Forex: USD/CHF rally pauses ahead of 0.9500

FXstreet.com (Córdoba) - Amid persistent USD strength, USD/CHF managed to break above the 0.9420 level and staged an impressive rally that took the pair 90 pips higher in a matter of minutes.

USD/CHF rose to a high of 0.9498, roughly the same level where it peaked on Apr 24, before easing a tad. At time of writing, USD/CHF is trading at the 0.9480 region, 1.5% above its opening price.

If the cross breaks decisively above 0.9500, next resistance might be faced at 0.9525 (Apr 4 high). On the downside, 0.9420/30, former resistance area, is immediate support level in line.

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Forex: USD/CAD jumps to 1.0090

The Dollar is currently trading higher across the board and against its Canadian counterpart, the Greenback is now 0.60% positive on the day. The USD/CAD has jumped around 70 pips in the latest few minutes from 1.0020 to break above the 1.0070 area and to test fresh intra-day high at 1.0090.
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