The USD/CHF is currently trading under the nine-month high of 1.0898 set yesterday on the back of a more than 180 pip rally by the dollar versus the Swiss franc. Since setting this high mark late in the American session, the pair slid downwards till it found support at 1.0843 and then moved back upwards to trade at the moment of publication near 1.0870.
Ian Coleman, FXstreet.com independent analyst, writes that the pair should see "a strong bullish day" with "a move up towards 1.1400."
The analyst places daily support levels at 1.0848, 1.0792 and 1.0769 and daily resistance levels at 1.0900, 1.1000 and 1.3540.
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ReplyDeleteIeshy S