USD/CHF eyes 0.9600

FXStreet (Córdoba) - USD/CHF is consolidating daily gains as it holds above 0.9550. Recently the pair gained strength and printed a fresh high at 0.9592, the strongest level since January 15. Before reaching the new highs it was trading in a short term range moving between 0.9545 and 0.9580.

USD/CHF breaks short term resistance

Today the pair is consolidating above last week highs and the 0.9530 area that was an important short term resistance. A daily close above could strengthen the bullish perspective for the US dollar.

USD/CHF is trading at the highs, near 0.9700, starting the month on a positive tone. In February finished with a gain of 300 pips, recovering after sliding in January’s 800 pips.