FXstreet.com (Barcelona) - After trading in a narrow range just below 1.0000 level, the USD/CHF has jumped in the American session from 0.9980 to break 1.005 previous high, MA55 hourly chart at 1.0015 and hit fresh intra-day high at 1.0025.
Currently the pair is trading around 1.0015/25, 0.30% above today's opening price action at 0.9992.
According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF is slightly bullish right now: Pair spent most of the past two sessions consolidating just below parity. Attempting some upside recovery, we need to see the pair regain the 1.0030 level to gain some upside momentum. Hourly indicators, slightly bullish at this point, support the bias. Still movement should remain corrective.