USD/CHF keeps rising and climbs above 0.9800

By FXStreet FXStreet (Córdoba) – The Swiss franc continues to slide in the market as stocks in Wall Street consolidate important gains. USD/CHF broke above previous highs and broke above 0.9800.

The pair reached at 0.9809 the highest level since August 12 and it was trading near the highs holding bullish tone.

From the price it closed yesterday it has risen a hundred pips and is now headed toward the highest daily close in almost a month.

USD/CHF: About to test August highs?

The recent rally brought the price above an important resistance level located around 0.9780/90 and if it holds at current levels, it could gain support for further gains. To the upside, the next key level is the 0.9900 area that capped the upside during August.
For more information, read our latest forex news. …read more

Source:: FX Street