USD/CHF rallies to nearly 4-month highs at 0.9035

FXStreet (San Francisco) - The USD/CHF rallied 110 pips today from 0.8925 to trade at highs since Feb 12 at 0.9035 amid its negative correlation with EUR/USD and the Euro decline on ECB new measures.

Currently, USD/CHF is trading at 0.8989, up 0.20% on the day, having posted a daily high at 0.9038 and low at 0.8930. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

USD/CHF levels

If the pair consolidates gains above 0.8995, next resistances would be 0.9035 and 0.9060. On the downside, supports are at 0.8935, 0.8900 and 0.8960.