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USD/CHF surges higher past calculated resistances

FXstreet.com (New York) – The USD/CHF foreign exchange rate has catapulted higher Thursday, as the USD notches steadfast gains across the board during US trading.

USD/CHF strategic bias

According to Karen Jones, an analyst at Commerzbank, “The USD/CHF has found support at 0.9147, slightly above the June low at 0.9130, and appears to be attempting to base. We note the divergence of the daily RSI and risks are for a near-term recovery to the two-month resistance line at 0.9262. This needs to be breached for the next higher 200- and 55-day moving averages at 0.9344/45 to be reached.”

USD/CHF technical levels

Following the …read more