FXStreet – The currency pair USD/CHF remains on Tuesday in the fast Lane and jumped on a new 3-week High at 1,0057.
The currency-linked couple on Tuesday after a bumpy Start, but still at its previous day’s gains and recaptured the important 200-day line. Support was given to the US dollar from rising capital market interest rates in the United States. This could leave the currency pair even soon on the 100-day line are on the rise.
In addition, the General optimism returned to international financial markets, are now back with full force and has revived the appetite for risk. The Swiss franc weakens further, while the share prices rise. This ensured that the currency pair to the highest level since 17. April rose.
To Tuesday no other significant economic data on the Agenda, so that the investors are likely to focus on the contributions made by some members of the FOMC. That should determine the course of the currency pair today.
The next Resistances lie at 1,0090/1,0100 and 1,0145/50. Supports on the other hand, 1,0030, 0,9980 and 0,9955/50 (200 day line).
** FXStreet News Editorial, FXStreet**