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USD/CHF rises, close to ranges prior to SNB cap removal

Source: Thomson Reuters
  • USD/CHF rises to new highs at 1.0091 on the day 

  • Pair is not far from 1.01-1.02s range prior to EUR/CHF floor removal

  • 1.0220 was the high immediately prior to the removal on Jan 15

  • 1.0240 the high on the previous day, which  was the 2015 top

  • Resistance ahead seen at 1.0118 the low from Jan 12 

  • Market Data
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