HomeContributorsTechnical AnalysisUSD/CHF Approaches Key Hurdle

USD/CHF Approaches Key Hurdle

The US dollar continues to make up lost ground thanks to post-NFP momentum.

The break above 0.9150, the last leg of the previous sell-off, suggests solid commitment from the bulls. The rebound has originated from the demand zone around 0.9030 on the daily chart, and it is heading towards the major resistance at 0.9230.

A bullish breakout may help the dollar break free of a narrowing consolidation range and resume the rally from the start of the year.

0.9140 is the first support in case of a pullback to let the RSI cool down.

 

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