After closing the first 3 days of the week in the positive level, the USD/CHF pair remains its bullish momentum and touched a fresh weekly high of 0.9180 on Wednesday, but moved a little lower today at 0.9160. The positive announcement of Pfizer’s vaccine, resulting to 90% effectiveness have boosted appetite for risk on Monday. Also, the sharp rise of the US Treasury Bond yields gave further upside traction to the greenback. The Swissy’s buying range for today is between 0.9130 to 0.9120, with a support level of 0.9102 and 0.9245 resistance. Although USD/CHF pair is less liquid than Euro and British pound, its rates depends on reports issued by the US Federal Reserve Bank (Fed) or on political and economic climate, which produces volatility in the value of the USD. Start trading USD/CHF with SmartFX. Visit our website to learn more: www.smartfx.com
