USD/CHF climbs above 0.9330 amid new talks

FXStreet (Córdoba) – The US dollar gained momentum as traders focus on the London fixing and pushed USD/CHF to break the short-term resistance area located around 0.9330. The pair jumped to 0.9380. Currently trades at 0.9360/65, near the area it opened the week.

The Greek saga continues with now a proposal from Greece to extend the bailout with loans to be used exclusively to debt payments. A conference call will take place later today, announced the Eurogroup leader.

USD/CHF technical levels

Yesterday the pair dropped almost 200 pips from the highs and bottomed at 0.9242. Today made the reverse move and rose 140 pips from 0.9245 to 0.9380.

To the upside USD/CHF could face resistance at 0.9380 and above here at 0.9400 and 0.9425/30 (June 29 high). On the flip side, immediate support might now lie at 0.9330, followed by 0.9285 and 0.9240/50 (daily low).

The US dollar gained momentum as traders focus on the London fixing and pushed USD/CHF to break the short-term resistance area located around 0.9330. The pair jumped to 0.9380. Currently trades at 0.9360/65, near the area it opened the week.

(Market News Provided by FXstreet)