Forex: USD/CHF jumps above 1.0150

  on

FXstreet.com (Barcelona) - The Dollar's advance has going further against the Swissy during the European session with the pair breaking the MA55 and 200 periods in the 60 minutes chart zone at 1.0105/15 and hitting 1.0175 as fresh intra-day high inside a 130 pips bullish movement from yesterday low at 1.0045.

Currently the pair is trading around 1.0160/70, 0.90% above today's opening price action at 1.0073.

George Clement, analyst at Swiss e Trade, comments: Currently trading at 1.0130 against the Swiss franc, the dollar is on an upmove in the early European market hours. We see that upmove limited at 1.0145 for today, and later renewed weakness.

.

Join the Discussion