FXStreet – The USD/CHF could be on its gains in the previous sessions, build on the very important 200-day SMA to rise.
Currently, the trade takes place around the parity, while the prospects of the 3. Day in a row, are positive and so could be achieved with the early European trade on Tuesday, the nearly 3-week high. The persistent buying interest to the Greenback is the US Dollar Index via 99.00 climbing, while increasing the Chance of a Fed rate hike in June, what is the most important factor for the upward movement of the pair.
The positive mood on the European stock markets and the decline in political risks in the EU, after Emmanuel Macron as the new French President was elected, weigh on the safe haven of the Swiss franc. The Pair rises to the highest level since the 18th century. April.
In the afternoon, awaiting us, the JOLTS job openings in the USA, what are the short term oriented traders a pulse.
Resistances lie at 1,0020, 1,0050 and 1.1000 (psychological level). On the other hand, supports are located at 0,9970, 0,9950 (200-day SMA) and 0,9935/30.
** FXStreet News Editorial, FXStreet**