FXstreet.com (Córdoba) - Greenback jumped after the release of better than expected economic data in the U.S. against the Swiss Franc. USD/CHF peaked at 1.0370 reaching the highest price since October 02. The pair is now pulling back but holds above 1.0300 as it trades at 1.0340/42, 0.79% above today's opening price.
James Chen, technical analyst at FX Solutions, affirms: Having reached and surpassed resistance around the 1.0350 price region, continued dollar bullishness could target further key resistance in the 1.0550 support/resistance region. Tentative downside support within the context of the current bullishness resides around the 1.0300 price region.