FXstreet.com (Barcelona) - USD/CHF has been traded in a small range between 1.1550 and 1.1580 since the beginning of the Asian session, testing the SMA200 line on hourly chart. Currently the pair is trading around 1.1560/70 after rising 0.05% so far today from 1.1564 opening price.
Yesterday, USD/CHF won 1.55%, advancing from 1.1386 opening price, reaching 1.1382 as minimum and 1.1603 as maximum, to close the day at 1.1562.
According to the Varengold Bank Research Team, in April the USD/CHF is moving in a zigzag course:In April the USD/CHF is moving in a zigzag course. Now the currency pair trades close to an upward trend-line and crossed its resistance at 1.510. It remains to be seen if the next resistance at 1.1605 could breach as well. The MA Oscillator Indicator may support further bullish movements. If the 1.1605 level would be crossed, the next upside potential would the 1.1721 resistance.
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