USD/CHF hits fresh monthly highs at 0.9843 on strong USD, rallying nearly 200 pips from yesterday's steep fall. The pair has resumed its uptrend after a brief reversal seen yesterday, and is on track to takeout the 0.99 …
USD/CHF hits fresh monthly highs at 0.9843 on strong USD, rallying nearly 200 pips from yesterday's steep fall.
The pair has resumed its uptrend after a brief reversal seen yesterday, and is on track to takeout the 0.99 handle
USD index rose sharply higher to 96.73, recording a 0.65% gain on the day after Yellen's comments kept USD bulls on fire
Heavy losses in the single currency also weighed on the CHF, adding to the upside in USD/CHF
The price is looking heavy at the top, daily Stochs are in oversold territory, unwinding in the short is on the charts
The pair is currently trading at 0.9822, with immediate support is 0.9781 (session lows Sept 25), while resistance on the upside is seen at 0.9883 (Aug 7 highs)
Focus now on US Q2 GDP data due later in the U.S. session for fresh incentives
