USD/CHF rises further above party, to highest since mid-November

Stronger US Dollar, boosts USD/CHF to highest in two and a half months.
DXY keeps rising, up 1.3% from Friday’s low.

Matías Salord FXStreet

The USD/CHF rose back above the parity level and advanced firm. It climbed to 1.0025, hitting the highest level since November 16. It is consolidating clearly above 1.0000, about to post the fourth daily gain in a row.

The move to the upside took place amid a rally of the US dollar across the board. The DXY rose to 96.41, reaching a fresh weekly high. It is about to post the fourth daily gain in-a-row, erasing last week losses.

Positive technical outlook for the US dollar

The rally of the last two days with USD/CHF firm above 1.0000, turned the technical outlook in favor to further gains. The pair broke a strong resistance and the next is seen at 1.0055 (May 2018 highs). The positive momentum will likely ease if the pair drops back under 0.9990.

USD/CHF

Overview:
    Today Last Price: 1.0026
    Today Daily change: 0.0027 pips
    Today Daily change %: 0.27%
    Today Daily Open: 0.9999
Trends:
    Daily SMA20: 0.9919
    Daily SMA50: 0.9913
    Daily SMA100: 0.992
    Daily SMA200: 0.9908
Levels:
    Previous Daily High: 1.0021
    Previous Daily Low: 0.9974
    Previous Weekly High: 0.9996
    Previous Weekly Low: 0.9905
    Previous Monthly High: 0.9996
    Previous Monthly Low: 0.9716
    Daily Fibonacci 38.2%: 1.0003
    Daily Fibonacci 61.8%: 0.9992
    Daily Pivot Point S1: 0.9975
    Daily Pivot Point S2: 0.9951
    Daily Pivot Point S3: 0.9928
    Daily Pivot Point R1: 1.0022
    Daily Pivot Point R2: 1.0045
    Daily Pivot Point R3: 1.0069

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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