FXstreet.com (Barcelona) - USD/CHF has risen 0.10% from the opening price at 1.1688 to be traded above the 1.1700 level. The pair has reached the 1.1719, fresh 4-weeks high. Currently the pair is trading around the 1.1700/10 range.
Along today's session, USD/CHF has been traded in a small range between 1.1680 and 1.1715.
Last Friday, The pair won 1.74% from the opening price at 1.1475, reaching 1.1689 as maximum and 1.1470 as minimum, to close the day at 1.1674.
According to the Swiss e Trade Strategy Team, USD/CHF should be in a consolidation movement along today's session: The dollar is quietly consolidating its last week's gains versus the Swiss franc and is trading now at 1.1690. We expect this consolidation to continue in today's trading, with the upside limited at 1.1720 and the downside at 1.1650.
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