USD/CHF Breaks Resistance

The USD/CHF exchange rate has gone significantly higher over the past two months. The pair registered a rise from 0.9180 to 0.9920 which was reached in the opening hourse of the US session of Friday.

Currently, USD/CHF is hovering slightly below 0.9900 at 0.9889. The US dollar seems to be flashing signs of a possible continuation of an upward move. Considering how strong the upside momentum is, we could expect the pair to reach new resistance at 0.9970 and then the psychological level of parity at 1.00.

Today's fundamentals are negligible so we could expect trading to be based on technical patterns and light volatility.

Chart: USD/CHF H4