USD/CHF consolidates above 0.8950

FXStreet (Córdoba) - The USD/CHF rose during the European session to 0.8971, hitting a fresh 3-month high and then pulled back but it was able to hold above 0.8950. Currently trades at 0.8955, up 0.15% for the day, headed toward the third daily gain in a row.

The US dollar holds a bullish tone against European currencies but the USD/CHF failed to make a strong rally above 0.8960. The area between 0.8950 and 0.8970 continues to be a strong resistance.

USD/CHF and another weekly gain

Greenback is set to achieved the third straight weekly gain against the Swissy and the highest close since early February. The weekly chart shows price above a downtrend line.