Greg Holden, analyst at ForexYard, comments: "The range trading within the bullish channel of the hourly chart continues. The pair is now showing local bullish movement in the channel and it appears that a test of the upper level is quite imminent. Going long with tight stops might be a good strategy today."


The Currency at Glance Trend Index points Strongly Bullish and the OB/OS Index shows Neutral.
For more information, read our latest forex news.
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Forex: USD/CHF tests 1.0950 after rising 1.20% so far today

Fxstreet.com (Barcelona) - The Dollar strengthening against the CHF has continued after the US opening session and the pair has broken finally the 1.0920 level and is has reached 1.0950 as new intra-day high, close to 1-week high levels. Currently the pair is trading around 1.0935/45.

Greg Holden, analyst at ForexYard, comments: "The range trading within the bullish channel of the hourly chart continues. The pair is now showing local bullish movement in the channel and it appears that a test of the upper level is quite imminent. Going long with tight stops might be a good strategy today."


The Currency at Glance Trend Index points Strongly Bullish and the OB/OS Index shows Neutral.
For more information, read our latest forex news.

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