Forex: USD/CHF jumps to 0.9625, highest since August 2012

FXstreet.com (San Francisco) - After a brief period of consolidation between 0.9540 and 0.9585, the USD/CHF has resumed its uptrend to break above the range and trade at 0.9625, highest level since August 28. Currently the pair is pricing at 0.9605.

The USD/CHF is trading 1.32% positive on the day. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing to the north while the Stochastic is bearish in the 15-minute chart.

Above the 0.9600 level, next resistances are at 0.9635 and 0.9655. On the downside, supports are at 0.9540, 0.9500 and 0.9475.