15 Jul 2015
USD/CHF on track to test July highs boosted by Yellen
FXStreet (Córdoba) - USD/CHF was moving with a bullish bias amid a weak Swiss franc in the market and then accelerated to the upside boosted by Janet Yellen presentation. She reiterated that rates are likely to raise during the current year.
The pair that bottomed on Asian hours at 0.9443, peaked recently at 0.9520, slightly below yesterday’s highs and currently is trading at 0.9510/15.
USD/CHF again above 0.9500
Greenback has risen back again above 0.9500 but still remains limited. During the last two weeks it traded above the mentioned level on various occasions but it always failed to hold and later pulled back.
If it manages to consolidate significantly on top of 0.9500, the US dollar could rise to test May highs that lie around 0.9540 and then the 0.9600 area would be exposed.
The pair that bottomed on Asian hours at 0.9443, peaked recently at 0.9520, slightly below yesterday’s highs and currently is trading at 0.9510/15.
USD/CHF again above 0.9500
Greenback has risen back again above 0.9500 but still remains limited. During the last two weeks it traded above the mentioned level on various occasions but it always failed to hold and later pulled back.
If it manages to consolidate significantly on top of 0.9500, the US dollar could rise to test May highs that lie around 0.9540 and then the 0.9600 area would be exposed.