15 Jul 2014
USD/CHF climbs to 3-week highs
FXStreet (Córdoba) - A strong US dollar pushed the USD/CHF to the upside on the back of Yellen’s testimony. The pair climbed from 0.8925 and broke above the key short term resistance located around 0.8930/35.
Price peaked at 0.8961, the highest price since June 23 and at the moment trades at 0.8950/55, up 40 pips; having the best day in two weeks.
The pair holds a bullish tone in the short term, as the US dollar remains strong in the market and while the Swiss Franc consolidates as the worst performer among European currencies.
Price peaked at 0.8961, the highest price since June 23 and at the moment trades at 0.8950/55, up 40 pips; having the best day in two weeks.
The pair holds a bullish tone in the short term, as the US dollar remains strong in the market and while the Swiss Franc consolidates as the worst performer among European currencies.